Bitcoin price drops to $87,600 as Saylor hints at another BTC purchase

Bitcoin advocate Michael Saylor suggested that Strategy may be preparing another purchase. He posted the phrase “Back to More Orange Dots” alongside a portfolio chart — a signal the market typically interprets as the prelude to a new buy. The firm’s latest acquisition, 10,624 BTC, was made on December 12 and was its largest since July.

Strategy now holds 660,624 BTC worth about $58.5 billion. Its average acquisition price of $74,696 per coin keeps the company in profit despite the current pullback.

Analysts point to external factors that may have added pressure. Observers say traders are reacting to expectations that the Bank of Japan will raise rates by 25 basis points. Similar moves in the past have coincided with sharp bitcoin corrections. On Polymarket, the probability of a hike is priced at 98%.

Some analysts think the drop is already reflected in current prices. They note that traders tend to position ahead of expected events rather than wait for the actual decision, as the market “moves in anticipation of the news.”

Others argue the current price action signals a return to the $80,000–$100,000 range, where bitcoin has spent most of the past few weeks. Pressure has intensified as global risk appetite weakens: investors are taking profits amid concerns about a potential carry-trade unwind following Japan’s policy shift.

Researchers say the latest decline “feels like a step back” after November’s rebound. Even so, some traders believe the market may stabilize once the Bank of Japan’s path becomes clearer.

Despite the correction, attention remains on Strategy’s positioning. Saylor’s “orange dots” posts have historically preceded major purchases, and new additions to the company’s reserves are often seen as a source of psychological support for the market.