 ▲ Bitcoin (BTC) |
Bitcoin (BTC) has fallen below the average purchase price of Strategy, the world’s largest institutional investor, entering the so-called “Saylor Discount” zone, prompting analysis that this could represent a once-in-a-generation buying opportunity for investors who entered the market late.
According to crypto-focused outlet NewsBTC on February 24 (local time), Bitcoin recently plunged below $63,000. On-chain data analysis shows it is trading beneath Strategy’s realized price of $76,000. Led by Chairman Michael Saylor, Strategy holds 717,131 BTC, equivalent to approximately 3.4% of Bitcoin’s total supply, signaling the deep entrenchment of institutional investors in the market structure. Saylor remains confident that Bitcoin will surpass $1 million in the long term and is operating the largest dollar-cost averaging program in history.
Strategy has continued its aggressive accumulation, investing $1.1 billion in 2020, $2.57 billion in 2021, $21.9 billion in 2024, and $22.4 billion in 2025. As of 2026, it has already deployed an additional $4.1 billion, on pace to surpass last year’s record investment. Market experts say that with Bitcoin trading below the average entry price of a major whale like Strategy, the current environment could present an attractive entry point for asset allocators entering in the later stages of the cycle.
From a technical perspective, Bitcoin’s weekly chart is showing somewhat concerning signals. After failing to break through the resistance range between $90,000 and $100,000, Bitcoin closed the week around $66,000, falling below the 50-week and 100-week moving averages. Indicators that served as strong support during the previous bull market have now turned into overhead resistance, meaning a recovery accompanied by substantial trading volume is essential for further upside.
Analysts view the 200-week moving average, located in the mid-$50,000 range, as the final structural support. The sharp sell-off that began near $90,000, accompanied by rising trading volume, suggests not merely a lack of liquidity but active large-scale distribution. The prevailing analysis holds that for a return to a bull trend, Bitcoin must at least reclaim the $75,000 to $80,000 range and establish higher highs on a weekly basis.
Bitcoin is currently navigating a complex phase where the opportunity of trading below a major institutional accumulator’s cost basis coexists with technical weakness. While Strategy’s steadfast no-sell policy provides underlying support to the market, macroeconomic variables and liquidity flows remain key determinants of price direction. Investors are carefully reassessing their risk tolerance as they weigh Saylor’s long-term vision against short-term chart deterioration.
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