Crypto Market Gripped by ‘Extreme Fear’ as Michael Saylor Hints at Buying Bitcoin Again

Jakarta, Pintu News – Michael Saylor, Executive Chairman of Strategy, recently showed great confidence in Bitcoin (BTC) by making new purchases. This comes at a time when market sentiment is in a state of extreme fear. Read the full info in this article!

Bitcoin Buying Strategy by Michael Saylor

Michael Saylor has marked more “orange dots” on platform X, signaling new Bitcoin purchases. As the world’s largest corporate Bitcoin shareholder, Strategy owns more than 708,000 BTC, which is estimated to be worth around $59 billion at the current Bitcoin price of $89,273.

The very low average cost of acquisition compared to the current market shows their long-term confidence in the cryptocurrency. While Saylor’s post shows a strong belief in Bitcoin, market sentiment suggests otherwise.

Crypto’s Fear and Greed Index has dropped below 21, which puts the market in extreme fear. This reading has stayed at that level for several weeks, reflecting consistent caution from traders.

Read also: Behind the Quiet Price, Here are 3 Reasons Bitcoin Still Has the Potential to Rise

Bitcoin Price Disparity and ETF Inflows

There is a fundamental problem with the structure of the Bitcoin market which is demonstrated by the inability of the Bitcoin price to increase despite the absorption of supply by Bitcoin ETFs. Vanguard, despite allowing its customers to invest in Bitcoin ETFs, has called Bitcoin a “toy”, reflecting the current institutional skepticism.

Reporting from Coingape, Park, an analyst, pointed out that there is a sharp separation between options for the BlackRock Bitcoin ETF (IBIT) and real Bitcoin. Furthermore, Park argues that the demand for IBIT options must be greater than the supply of real Bitcoin options to support price increases.

However, if the supply of volatility doesn’t ease and the demand for options tied to ETFs doesn’t increase, Bitcoin is likely to keep moving within the same range.

Notes: In the context of crypto, disparity means a noticeable imbalance or difference between two or more conditions, data, or values that should be moving in the same direction, but are not.

Read also: Will Shiba Inu Still Survive in 2026? On-Chain Data Answers

Derivative Data and Bitcoin Price Movement

Data from CoinGlass shows that Bitcoin futures trading volume has decreased by 24% to around $49 billion. This decline is an indicator of lower speculation and declining confidence in the short term.

However, wider adoption of Bitcoin continues to increase, with PNC partnering with Coinbase to enable Bitcoin trading across its network in the US. During the same period, open interest increased by 3.2% to approximately $60.7 billion. An increase in open interest and a decrease in volume is a common sign of a position without momentum.

Conclusion

In conclusion, despite the widespread fear in the market, Michael Saylor’s purchase of Bitcoin shows the confidence of some major investors. However, structural challenges and institutional skepticism are still the main barriers affecting Bitcoin’s current price dynamics.

FAQ

Who is Michael Saylor?

Michael Saylor is the Executive Chairman of Strategy, known as the world’s largest corporate Bitcoin shareholder.

How much Bitcoin does the Strategy company own?

The Strategy Company owns more than 708,000 Bitcoin (BTC), with a value of about $59 billion.

What is the Crypto Fear and Greed Index?

The Crypto Fear and Greed Index is a gauge that shows market sentiment towards Bitcoin, where a score below 21 indicates extreme fear.

Why isn’t the Bitcoin price increasing despite the inflow into the ETF?

Bitcoin price did not increase due to additional selling by early holders and institutional skepticism, as expressed by Vanguard who called Bitcoin a “toy”.

What is the impact of the decline in Bitcoin futures trading volume?

The decline in Bitcoin futures trading volume indicates lower speculation and decreased confidence in the short term, despite increased open interest.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Michael Saylor Signals More Bitcoin Buy Amid Extreme Fear. Accessed on December 15, 2025
• Featured Image: Fortune