Saylor's Bitcoin Trades Result in $84M Loss Over Two Months
Michael Saylor has taken a significant loss on his Bitcoin trades over the past two months. According to data from @lookonchain, he sold 6,916 BTC at $62,081 for a total of $429.35 million and then bought back 4,603 BTC at $80,318. This transaction resulted in an $84 million loss.
The current price of Bitcoin is sitting within its Bollinger Bands, with the EMA50 acting as immediate support and the EMA200 providing longer-term structure. Despite a MACD death cross, the neutral RSI keeps the door open for a potential push toward the upper band before any retracement to the lower band.
For institutional desks tracking MicroStrategy Bitcoin holdings, this latest price movement adds to the complexity of predicting future prices and developing effective trading strategies.