Michael Saylor Remains Confident Amid Bitcoin Bloodbath

Despite a chaotic Bitcoin market seeing significant losses, Michael Saylor, CEO of Macro Strategy, posted an enigmatic message highlighting his long-term outlook. The post included a dystopian cityscape image with the caption “The Future is Orange”. This message contrasts starkly with the current market volatility, where over $410 million in Bitcoin positions were liquidated within a single day, largely from long bets. These losses came after Bitcoin plummeted to its recent low of $109,000. This sharp decline was triggered by short-term speculators liquidating their bullish positions before the price hit an all-time high of $123,000 earlier this month.