Michael Saylor comments and warns as Bitcoin prices fall:
In light of the current decline in Bitcoin prices, Michael Saylor, co-founder and chairman of MicroStrategy, issued a warning that has caught the attention of the crypto community.
This warning comes at a time when some investors may be under pressure to sell, especially with the Fear and Greed Index indicating a state of “extreme fear” in the market.
This type of panic could lead to random sales driven by fear and uncertainty, which Saylor warned of in his tweet, urging investors to be patient.
After the economic data was announced, Bitcoin price crossed the $57,000 threshold, but it quickly lost those gains and fell below $54,000, its lowest level since August 5.
For his part, Julio Moreno, head of research at CryptoQuant, indicated that Bitcoin’s weak performance may be the result of declining demand, adding that demand is declining significantly, and all valuation metrics are pointing to a downward trend.
For his part, Ki Young Joo, CEO of CryptoQuant, explained that the dominance of spot Bitcoin trading volume on Coinbase has returned to pre-ETF levels.
