Bitcoin remains stuck below $65,000 as ongoing selling pressure dampens market sentiment. The price has been fragile for weeks, with high volatility and low trader conviction due to tight liquidity and broader economic uncertainty. While there have been occasional rebounds, none have gained lasting momentum, keeping Bitcoin in a cautious holding pattern below a key psychological level.
A recent CryptoQuant report highlights a significant development involving StrategyB, formerly MicroStrategy. It has been over six years since the company began accumulating Bitcoin, aiming to secure about 5% of its total supply. Led by CEO Michael Saylor, a prominent long-term Bitcoin advocate, this strategy is based on the belief that Bitcoin could eventually surpass $1 million. To achieve this, StrategyB has executed what is considered the largest dollar-cost averaging program in Bitcoin’s history, without selling any BTC since it started.
The scale of this effort is clear from its annual investments: $1.1 billion in 2020, $2.57 billion in 2021, $276 million in 2022, $1.9 billion in 2023, $21.9 billion in 2024, $22.4 billion in 2025, and $4.1 billion so far in 2026.
StrategyB’s Aggressive Bitcoin Accumulation and Market Impact
According to the report, 2025 was a record year for StrategyB, with over $22.4 billion invested in Bitcoin. Data suggests 2026 is on a similar path, potentially exceeding last year’s record and solidifying the firm’s position as one of the largest institutional BTC holders.
Currently, Bitcoin is trading below StrategyB’s estimated realized price of around $76,000, which reflects its average acquisition cost. The firm holds roughly 717,131 BTC, about 3.4% of Bitcoin’s circulating supply, underscoring the significant institutional presence in the market.
However, this data should be interpreted carefully. Trading below a major holder’s realized price doesn’t necessarily mean Bitcoin is undervalued, as realized price is a cost metric, not a valuation model. Market conditions, liquidity flows, and macroeconomic factors remain the primary drivers of price.
Still, the broader takeaway is significant: even large institutional players often rely on straightforward accumulation strategies like dollar-cost averaging. Whether this approach is optimal depends on individual risk tolerance, time horizon, and the overall market context.
Weekly Breakdown Below Key Averages Signals Weakness
Bitcoin’s weekly structure has weakened considerably. After failing to hold above the $90,000–$100,000 range, the price has fallen back to the mid-$60,000s. The latest weekly close near $66,000 places BTC firmly below both the 50-week and 100-week moving averages, which are now trending downward.
This shift is technically important. During the 2024–2025 rally, these moving averages acted as dynamic support, absorbing pullbacks and reinforcing the uptrend. Now, they have become overhead resistance, capping upside potential unless Bitcoin can reclaim them with strong volume.
The 200-week moving average, currently around the mid-$50,000s, remains the last major support on this timeframe. Historically, sust…When Bitcoin closes below its 50-week average after a cycle peak, it has historically signaled a prolonged correction rather than a brief pause. The recent decline was accompanied by rising volume, indicating active selling rather than a simple lack of buyers. The sharp drop from around $90,000 to below $70,000 shows that significant selling pressure has entered the market. For the bullish trend to resume, Bitcoin would need to recover the $75,000–$80,000 range and begin setting new weekly highs. Until that happens, the weekly trend suggests caution, with momentum pointing toward further consolidation or additional downside.
Frequently Asked Questions
Of course Here is a list of FAQs about The Saylor Discount framed in a natural tone with clear direct answers
Beginner Definition Questions
1 What is The Saylor Discount
Its a catchy term coined by investors inspired by MicroStrategys CEO Michael Saylor It refers to periods when Bitcoins market price trades below its Realized Price This is seen as a discount or buying opportunity for investors who believe in Bitcoins longterm value
2 What is the Realized Price
Its a key onchain metric Think of it as the average price every Bitcoin last moved at It essentially represents the average cost basis for the entire market When the current price is below this the average holder is at an unrealized loss
3 So is Bitcoin on sale during The Saylor Discount
Thats the core idea If you believe Bitcoins longterm value is higher than its current price trading below the average cost of all holders is seen as a historically good entry point similar to a stock trading below its book value
Mechanics Benefits
4 Why is trading below Realized Price such a big deal
Historically these periods have been rare and have marked major cycle bottoms It indicates extreme market stress and capitulation where weak hands have sold setting the stage for a new cycle led by stronger longterm holders
5 Whats the benefit for a latecycle investor
A latecycle investor missed buying at the very bottom The Saylor Discount offers a secondchance datadriven signal that the asset is still in a historically undervalued zone before a potential new bull cycle begins allowing for strategic accumulation
6 Does this mean the price is guaranteed to go up
No It is not a guarantee Its a strong historical indicator of a highprobability buying zone Past performance doesnt guarantee future results and external factors can always impact the price
Common Problems Misconceptions
7 Whats the biggest mistake people make with this concept
They treat it as a timing signal for a