MicroStrategy (MSTR) remains one of Bitcoin’s most influential holders. According to the company’s latest 2026 strategy tracker, MicroStrategy currently owns 712,647 BTC, representing approximately $54.8 billion at an average cost of $76,038 per coin.
The unrealized gain stands at $640 million, or 1.18%. Crypto observers, including Crypto Patel, noted on February 1st that Michael Saylor may be planning another Bitcoin purchase soon, a move that could continue to stabilize the market.
MicroStrategy’s acquisition pattern has always been a cause for positive sentiment. Ki Young Ju, the founder of CryptoQuant, explained that early investors such as MSTR and ETF holders have been holding large amounts of cryptocurrencies while selling them off from time to time.
Even though there has been a drop in prices, unless Saylor sells off his holdings, the market won’t witness extreme crashes.
Bitcoin Faces Wider Correction
Bitcoin is currently trading at $77,143.44, down 11% on the week. Alphractal pointed out that BTC is down about 37% from its all-time high, but this is nowhere near the bottom of the market.
Looking at historical drawdowns, there have been much steeper declines: 2011’s drop was 93%, 2013-2015’s drop was 85%, 2017-2018’s drop was 84%, and 2021-2022’s drop was 75%. It is believed that the most likely area for the bottom of the current cycle is between 60% and 70% of previous highs.
Ki Young Ju pointed out that the selling pressure is still present as inflows have slowed down. Without new money flowing into the market, the current situation is likely to be a sideways market and not a bull run. The early investors are still selling, causing market volatility, while accumulation is taking place in the long term.
Technical Analysis Signals Consolidation
The weekly charts on Tradingview show that Bitcoin is in a medium-term correction phase as part of a broader bullish trend. Following the peak at $100k-$102k, BTC was unable to remain above the upper Bollinger Band and saw a strong drop, forming a strong bearish candle on the weekly charts.
The current market is below the 20-week SMA (~$98.5k) and close to the lower Bollinger Band (~$73k), indicating high volatility.
Analyzing the Ichimoku chart, BTC has broken below the Tenkan-sen (~$87.3k) and Kijun-sen (~$100.7k), indicating a short-term and medium-term bearish market.
The price is also inside the Kumo (cloud), which indicates a trend of uncertainty and possible resistance in the coming days. The key support level is between $73k-$75k.
A weekly close below this region could bring about the possibility of $61k-$65k, but as long as $73k is maintained, a sideways consolidation pattern is more likely to occur than a full trend reversal.
The bullish momentum is not strong unless BTC breaks above $87k and closes above $94k-$98k. The present scenario suggests a distribution phase and subsequent volatility corrections. The long-term bullish trends are still intact, but some time is required before the next leg up.
Also Read: Strategy Maintains Bitcoin Position as Market Correction Tests Investor Confidence
