What you need to know:
- Michael Saylor may be preparing another Bitcoin purchase, leaving MSTR as a key market driver.
- Bitcoin is down 11% this week and is now trading around $77,143, with even deeper declines likely to come.
- Technical charts indicate a medium-term correction within a larger bullish trend, with key support between $73,000 and $75,000.
MicroStrategy (MSTR) remains one of the most influential holders of Bitcoin. According to the company’s latest strategy tracker from 2026, MicroStrategy currently owns 712,647 BTC, which represents approximately $54.8 billion at an average cost of $76,038 per coin.
The unrealized gain is $640 million, or 1.18%. Crypto observers, including Crypto Patel, noted on February 1 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 generated positive sentiment. Ki Young Ju, the founder of CryptoQuant, explained that early investors such as MSTR and ETF holders held large amounts of cryptocurrencies while selling them from time to time.
Even though there has been a price drop, unless Saylor sells his assets, the market will not experience extreme crashes.
Bitcoin is facing a broader correction
Bitcoin is currently trading at $77,143.44, down 11% on the week. Alpharactal pointed out that BTC is down about 37% from its all-time high, but this is still far from the bottom of the market.
Looking at the historical declines, there have been much steeper declines: the 2011 decline was 93%, the 2013-2015 decline was 85%, the 2017-2018 decline was 84%, and the 2021-2022 decline was 75%. The most likely area for the bottom of the current cycle is believed to be between 60% and 70% of previous highs.
Ki Young Ju pointed out that the selling pressure is still there now that the inflow has decreased. Without new money flowing into the market, the current situation will likely be a sideways market and not a bull run. The early investors are still selling, causing market volatility, while long-term accumulation takes place.
Technical analysis signals consolidation
The weekly charts are on Trading view show that Bitcoin is in a medium-term correction phase as part of a broader bullish trend. After the peak of $100,000-$102,000, BTC could not stay above the upper Bollinger Band and saw a sharp decline, creating 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 bearish market in the short and medium term.
The price is also within the Kumo (cloud), indicating a trend of uncertainty and possible resistance in the coming days. The main support level is between $73,000 and $75,000.
A weekly close below this region could see the possibility of $61,000-$65,000, but as long as $73,000 holds, a sideways consolidation pattern is more likely to occur than a complete trend reversal.
The bullish momentum is not strong unless BTC breaks above $87,000 and closes above $94,000-$98,000. The current scenario suggests a distribution phase and subsequent volatility corrections. The long-term bullish trends are still intact, but some time is needed before the next surge occurs.
Also Read: Strategy Maintains Bitcoin Position as Market Correction Tests Investor Confidence
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