Bitcoin slid to a two-week low late Sunday, briefly falling below $88,000, as renewed selling pressure hit weekend markets. Amid the downturn, Strategy chair Michael Saylor hinted that the company may once again add to its already sizable Bitcoin position.
According to TradingView data, Bitcoin dropped to around $87,600 on Coinbase before rebounding above $89,000 at the time of writing. The sharp Sunday decline follows a pattern seen in recent weeks, where low liquidity has amplified downside moves. The latest dip marked Bitcoin’s lowest level since early December, when prices briefly slipped toward $84,000.
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Saylor revives familiar signals of accumulation
As prices softened, Saylor posted “Back to More Orange Dots” on X, a phrase he has repeatedly used ahead of previous Bitcoin purchases. The post included Strategy’s portfolio chart, a familiar signal to market watchers that another acquisition could be imminent.
Strategy’s most recent purchase came on Dec. 12, when the company acquired 10,624 BTC, its largest buy since July. The firm now holds roughly 660,624 BTC, valued at about $58.5 billion at current prices. With an average cost near $74,700 per coin, Strategy remains comfortably in profit despite recent volatility.
Japan rate expectations weigh on sentiment
Some analysts have pointed to Japan as a key driver behind the latest sell-off. Speculation is building that the Bank of Japan could raise interest rates this week, potentially triggering another unwind of yen carry trades that have historically pressured global risk assets, including crypto.
Analysts noted that previous rate hikes by Japan’s central bank coincided with sharp Bitcoin drawdowns. Prediction market Polymarket currently assigns a high probability to a 0.25% rate hike at the bank’s upcoming meeting.
Justin d’Anethan, head of research at Arctic Digital, said the move lower felt psychologically significant despite Bitcoin remaining well above November lows. He added that fears of a renewed carry trade unwind could
prompt macro funds and short-term traders to reduce exposure.
Others argue the risk is already priced in
Not all analysts are convinced Japan’s policy shift will trigger further downside. Some argue the market has already priced in the expected rate hike, limiting its impact unless the central bank delivers an unexpected surprise.
D’Anethan expects Bitcoin to remain range-bound in the near term, likely oscillating between $80,000 and $100,000 as traders wait for a clearer macro or market catalyst to emerge.
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