Overview
- Michael Saylor posted “Back to More Orange Dots” on Dec. 14, a recurring signal that has previously preceded MicroStrategy purchases.
- Bitcoin dropped to about $87,600 on Sunday before rebounding toward the $89,000–$90,000 range by Monday morning.
- MicroStrategy disclosed on Dec. 12 that it bought 10,624 BTC at an average price of $90,615, and its overall average cost stands near $74,696 per coin.
- Market tone remains fragile, with the Crypto Fear and Greed Index falling below 21 to register extreme fear and spot-ETF outflows including a reported $523 million single-day redemption from BlackRock’s fund.
- Derivatives data show futures volume down 24% to $49 billion as open interest rose 3.2% to $60.7 billion, and analysts say call selling by early holders is capping upside.