Because spot buys ≠ instant price up. Here’s what actually happened 👇
🧠 Why BTC can drop even after a $2B Saylor buy
1️⃣ OTC ≠ Market Buy
Saylor (Strategy) doesn’t smash the buy button on Binance.
He buys OTC (over-the-counter)
OTC deals are done off-exchange
👉 No immediate impact on spot price
So yes, $2B was bought — but not through public order books.
2️⃣ Markets move on MARGINAL liquidity
Price is set by the last traded dollar, not total money invested.
If sellers are more aggressive than buyers at the margin
Price still goes down
Think of it like this:
$2B bought quietly in the dark
$300M dumped loudly on exchanges
➡️ Price falls
3️⃣ Leverage got nuked
The drop wasn’t about Saylor — it was about liquidations.
Too many longs
One support breaks
Cascading liquidations hit
Forced selling overwhelms spot demand
This is how you get:
📉 -$5,000 BTC move in minutes
4️⃣ “Buy the rumor, sell the fact”
Markets front-run Saylor.
Traders long BTC expecting the announcement
News drops
They take profit or get liquidated
Price dumps
Classic.
5️⃣ Macro > one buyer
Right now BTC is fighting:
Risk-off macro
Funding stress
Strong dollar
Bond volatility
Regulatory + geopolitical noise
Even a $2B buyer can’t override that short-term.
🔑 The real takeaway (important)
Saylor buying is:
🟢 Long-term bullish
🔴 Short-term irrelevant for price
Big money accumulates during weakness, not pumps.
Price dumping after a big buy doesn’t mean the buy failed.
It means weak hands, leverage, and liquidity mechanics did what they always do.
If BTC only went up when billionaires bought, markets would be easy.
They’re not.
$BTC #bitcoin #MarketStructure #cryptoeducation #Saylor #Liquidity