Saylor’s Bitcoin Party is OVER? 😱

Let’s Talk Bitcoin (and Michael Saylor’s Feelings)

Why is Bitcoin being… chill… a bad thing for Saylor?

Apparently, when Bitcoin stops acting like it’s auditioning for a rollercoaster, it messes with the complicated financial instruments Michael Saylor uses to buy more. It’s like trying to build a house of cards during a yoga retreat.🧘

Will this cause a Bitcoin meltdown?

Maybe a tiny hiccup? Coinbase says, like, proceed with caution. Which, honestly, is what they should be saying all the time about Bitcoin. It’s kind of its whole vibe.

So, Bitcoin [BTC] has gotten… polite. Less volatile. Which is good for, like, a stable retirement fund, but apparently bad for people who want to leverage buy a lot of it really quickly. The 90-Day Volatility Index is down, which basically means Bitcoin is behaving itself. In 2025! Imagine that.

Experts are saying it’s because grown-ups (ETFs and companies with actual treasuries) are getting involved. Which is great, unless you’re a guy whose entire brand is built on aggressively buying Bitcoin. Just sayin’.

Saylor’s Strategy: What Now?

Analyst Alex Kruger is pointing out the obvious: if Bitcoin isn’t zooming and crashing, Saylor’s system gets… less efficient. It’s like trying to sell fidget spinners at a monastery.

“Volatility declining makes these options less valuable, forcing MSTR to offer less favorable terms, which hampers its ability to scale Bitcoin holdings.”

He even said the “era of MSTR” being the main price driver is over. Ouch. Like, a whole era. That’s a lot of eras. 🕰️

Historically, Saylor’s company (formerly MicroStrategy, because rebranding solves everything) would borrow money and use fancy options to buy more BTC. But when Bitcoin is calm, those options don’t work as well. It’s basically like trying to use a coupon on something that’s already on sale. What’s the point?!

If things keep going this way, they might just have to ask people for money directly. Which, honestly, sounds exhausting.

And things are getting a little shaky financially. The “mNAV” – which is a fancy way of saying “how much this company is actually worth” – is down. If it goes below 1, they’re really in trouble. 😬

Also, they haven’t been buying as much Bitcoin lately. Just saying.

Treasury Demand is…Taking a Nap?

Coinbase noticed that other companies aren’t super enthusiastic about buying Bitcoin either. They’re mostly into Ethereum, which is like… the cooler, trendier cryptocurrency. Don’t tell Saylor. 🤫

“DAT buying hasn’t shown up for BTC and is narrowly concentrated for ETH, which highlights some caution from large players post leverage washout, even at current “support” levels.”

Apparently, people have lost over $17 billion on these “DATs”. Which is… a lot. Like, “canceled vacation” money. 💸

Coinbase thinks this slowdown in buying could cause problems for Bitcoin in the short term. Because when the big players are on the sidelines, the market gets… sensitive.

“We think this warrants more cautious positioning in the short term, because the market appears more fragile when the biggest discretionary balance sheets are sidelined.”

Anyway, Bitcoin is currently trading at $111.6K, which is still a lot of money, but everyone’s waiting to see what happens with interest rates and trade talks. Because, of course they are. 🙄

2025-10-26 18:07

Let’s Talk Bitcoin (and Michael Saylor’s Feelings)

Why is Bitcoin being… chill… a bad thing for Saylor?

Will this cause a Bitcoin meltdown?

Saylor’s Strategy: What Now?

Treasury Demand is…Taking a Nap?

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