Why is Bitcoin down today? More importantly, how low can you go? Can you go down low?

And, possibly, the most important thing: What is Michael Saylor implying with this picture up above that he Tweeted out last week amid this HUGE Bitcoin Bitcoin 2.47% Bitcoin Bitcoin BTC Price $63,402.26 2.47% /24h Volume in 24h $60.07B Price 7d Learn more dip?

We know this picture is supposed to convey conviction, but it also looks like Saylor is floating away with the biggest pump-and-dump of all time, while the SS Strategy and everyone on board go down in flames.

So what’s going on with Bitcoin and Strategy (MSTR)?

DISCOVER: Top 20 Crypto to Buy in 2025

Why is Bitcoin Down Today? Is Bitcoin Dying, And What’s Next?

Market Cap

Bitcoin broke below $92,000 this week for the first time in months, cementing a more-than-25 percent drop from its October all-time high and officially entering bear-market territory.

What was supposed to be a banner year for crypto — boosted by a pro-crypto White House, a softer SEC, and new stablecoin legislation — has instead turned into a grinding correction fueled by fear and record leverage wipeouts. This has led many in the crypto space to criticize influencers such as Raoul Pal, Arthur Hayes, and MSTR executive chairman Michael Saylor, labeling them as scammers.

DISCOVER: 20+ Next Crypto to Explode in 2025

The industry’s October implosion erased $19Bn in leveraged positions, triggering a cascade that dragged BTC negative on the year. Risk appetite has evaporated, and traders are bracing for more turbulence.

One buyer, however, isn’t blinking, and that is still Michael Saylor.

MSTR announced they purchased 8,178 BTC between November 10 and November 16 at an average price of $102,171, which is a massive $835 Mn bet that is now deeply in the red.

For Saylor to be liquidated, no one knows that price, but many speculate that he won’t be able to take on more loans during this bear market.

Next 100x Crypto to Buy On The Dip? New Meme Coin Bitcoin Hyper Could Be It

While Bitcoin itself is deeply in the red, most traders are seeking the best “dip buying” opportunity through BTC, Zcash, and new crypto presales. This is why Bitcoin Hyper, a new Bitcoin Layer 2 chain built on the Solana Virtual Machine (SVM), is trending, and even saw two whales make significant purchases totaling $200,000 last week.

Right now, HYPER is making waves as the first L2 to integrate SVM. This integration offers near-instant transaction times and low fees, while being secured by BTC.

Visit Bitcoin Hyper

DISCOVER: 20+ Next Crypto to Explode in 2025

(Source: EtherScan)

HYPER operates through a bridge mechanism: BTC is locked, a wrapped version is minted, and that token can be used across dApps in the ecosystem.

By opening Bitcoin to DeFi, gaming, and tokenized real-world assets, HYPER broadens use cases and trims the circulating supply, two factors that can favor price.

Image
(Source: X)

Bitcoin Hyper is closing in on $30 Mn raised, with less than a day to go before its $0.013295 token round ends.

While ETH and SOL slide, Bitcoin Hyper’s presale continues to climb and could be a rare outlier in this weak market. If presales make a comeback, Hyper’s valuation could still be dirt cheap.

Join the Utility Wave with BTC Hyper Now

EXPLORE: Seeking a Career Change? Become a Bitcoin Bounty Hunter in Fordow, Iran

Key Takeaways

  • What is the next 100x crypto to buy? Sapien crypto (SPN) exploded this week, soaring more than 120% in a single day.
  • High fees and slow confirmations have long plagued the BTC network. Bitcoin Hyper, a new Layer 2 project currently in presale, aims to fix that

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Isaiah Mccall
Isaiah Mccall
99BTC Japan Correspondent

Isaiah McCall is an ultramarathon runner and Japan Correspondent for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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