Bitcoin’s price fell below $77,000 due to intense selling pressure, reaching its lowest levels since April 2025.
With the decline, BTC also fell below $76,037, the average purchase price of MicroStrategy (Strategy), which has long been followed as a benchmark in the market. This level was last broken to the downside in October 2023.
The market pullback occurred amid low liquidity and limited buying appetite. The sell-off, which accelerated in recent weeks, led to a more than 30% drop in the value of the world’s largest cryptocurrency. Analysts point out that macroeconomic uncertainties and the unwinding of highly leveraged positions deepened the decline.
On the other hand, MicroStrategy’s (now Strategy) Bitcoin reserves are worth a total of $55.52 billion. The company holds 712,647 BTC in its portfolio, with an average cost of $76,038. Following the recent decline, the company still appears to have approximately 2.46%, or $1.33 billion, in unrealized profit. However, this picture could change rapidly if the price remains persistently below the cost.
In the futures market, sharp liquidations were observed. A total of $2.54 billion in positions were liquidated in the last 24 hours. Of this, $2.40 billion came from long positions, while short position liquidations remained at $134 million.
*This is not investment advice.