Is Wall Street Targeting Michael Saylor With Bitcoin Selloff?

Amid the Bitcoin price turbulence over the last week, Michael Saylor's Strategy (MSTR) has been on investors' radar with some citing liquidation risks

Amid the Bitcoin price turbulence over the last week, which saw BTC plummet to $83,000 today from a high of $93,000, some investors have been focusing on the implications for Michael Saylor’s Strategy (MSTR) (NASDAQ:MSTR) stock and the potential liquidation risks if BTC falls under certain threshold.

Some analysts state that Wall Street players are deliberately pushing BTC down to put pressure on MSTR as well as other leveraged proxies.

Is Wall Street Targeting Michael Saylor With Bitcoin Selloff?

Bitcoin has been facing huge volatility as the cryptocurrency slid back to $83,000 on Monday after a brief surge to $93,000 following the announcement of the US strategic reserve. This pump and dump has seen massive liquidations at both ends.

As major institutions are known to play a pivotal role in market movements, especially within the crypto market, which is still in a relatively nascent stage, one crypto influencer, Mike Alfred, is raising concerns about potential market manipulation by major Wall Street players targeting Bitcoin.

According to Alfred, these institutions may be attempting to drive Bitcoin’s price lower in an effort to pressure Michael Saylor’s Strategy (MSTR) (NASDAQ:MSTR) and other leveraged firms that are heavily invested in cryptocurrencies.

“If they can bring BTC down far enough, it could undermine the favorable conditions these companies depend on for funding,” he explained.

Moreover, if the MSTR stock falls below a certain threshold, Michael Saylor might be forced to sell BTC to service the debt, thereby creating a vicious loop. However, amid the sharp market correction last week, Saylor has advised his followers to hold Bitcoins tightly and not panic under market reaction.

MSTR Stock Sees Selling Pressure

The MSTR stock price has crashed more than 27% over the past month, slipping to $250 levels as of press time. With strong selloff on Wall Street amid the Trump tariff war, the stock is down by another 4.30% in the pre-market trading on Monday.

According to recent reports, Michael Saylor’s last 13 Bitcoin acquisitions are now experiencing significant losses, with a record $1.95 billion in unrealized losses to date. If Bitcoin’s price drops below $60,000 in the near future, MicroStrategy (NASDAQ:MSTR) (NASDAQ:MSTR) could face mounting financial pressure, potentially forcing the company to sell its holdings, noted analyst Jacob King.

He further added, “In case you’re wondering why he’s on X/CNBC every day, throwing out numbers like “Bitcoin will hit a $200T market value” – it’s because he’s facing liquidation and desperately trying to fuel the bubble”.

Amid today’s crypto market selloff, the Bitcoin price is currently being reported at $82,990.12, showing a 8.9% decrease and triggering over $400 million in liquidations.

Top industry leaders like Ben Lilly, the founder of Blockware Solutions, believe that Bitcoin can further fall to $70,000 before starting the next bull rally.