Bitcoin’s value dropped beneath the $77,000 mark amid heavy selling activity, hitting its lowest point since April 2025.
This downturn caused $BTC to slip below $76,037 — the average acquisition price held by MicroStrategy (now Strategy), a key market indicator. The last time this threshold was breached on the downside was in October 2023.
The market retreat happened against a backdrop of thin liquidity and weak buying interest. The accelerated sell-off over recent weeks has resulted in Bitcoin losing more than 30% of its value. Experts attribute this decline to ongoing macroeconomic uncertainties and the forced closure of highly leveraged positions.
Meanwhile, MicroStrategy’s Bitcoin holdings remain valued at approximately $55.52 billion. The firm owns 712,647 $BTC, with an average purchase price near $76,038 per coin. Despite recent losses, MicroStrategy still retains around 2.46%, or roughly $1.33 billion in unrealized gains—though sustained prices below their cost basis could quickly erode these profits.
The futures markets have experienced significant liquidations recently: within the past day alone, positions worth about $2.54 billion were forcibly closed out—$2.40 billion from long trades and about $134 million from shorts.
Please note: This content does not constitute financial advice.