Michael Saylor Sold! Bitcoin Continues the Collapse

On Bitcoin

Changed since their last video: days moved down to waiting.

Views

• Next days (next 1–7 days): Waiting on 65k (timeframe is our reading): If BTC slips below 65K, then the base case is likely a further liquidation cascade, ▶ 10:40

If this, then that

• If BTC slips below 65K, then no target given (next days): If BTC slips below 65K, then the base case is likely a further liquidation cascade, ▶ 10:40
• If ETFs continue to leak like a sieve, then no target given (next weeks): And if the ETFs continue to leak like a sieve, then prepare for more pain. ▶ 10:53
• If ETF outflow momentum suddenly reverses, then no target given (next weeks): But, if the outward momentum suddenly reverses, then we may be out of the woods and headed back higher. ▶ 10:55

Levels named

• 70–72k: Support (floor that held the consolidation together was lost, triggering the cascade): Bitcoin has already lost the 70 to 72K floor that held this whole consolidation together, and that breach is what triggered the cascade. ▶ 06:58
• 65–68k: Support (make-or-break support zone): So, the line in the sand now is the 65,000 to 68,000 support zone, the make-or-break level. ▶ 06:50

Their own position: Not said.

Dates named

• Mt. Gox final creditor repayment deadline on 31 Oct 2026: With a final creditor repayment deadline of the 31st of October, and roughly 34,500 coins still overhanging the market, traders are front-running supply that has not even hit yet.