In the face of Bitcoin’s sharp decline, Michael Saylor, founder of Strategy, the world’s largest Bitcoin reserve company, urgently posted on the X platform, calling on everyone to hold firmly.
(Summary: Bitcoin fell below the $7 mark!) Back to November 2024 levels, all gains in Trump’s tenure have been given up)
(Background supplement: Bitcoin fell below $6.8 and lost the “peak of the 2021 bull market”!) Ethereum fell below $2,000 at the same time, and the entire network liquidated $1.05 billion)
At around 23:00 p.m. Taiwan time on February 5, the price of Bitcoin fell below the $69,000 mark in one fell swoop, returning below the all-time high (ATH) of the last bull market in 2021.
However, the decline did not stop there, and Bitcoin continued to decline after falling below $6.9, eventually breaking through $6.7 and reaching a low of $66,700, a drop of more than 9% in the past 24 hours, causing the market to wail.
Michael Saylor, founder of MicroStrategy: Hold firmly!
In this regard, Michael Saylor, founder of Strategy, the world’s largest Bitcoin reserve company, urgently posted on the X platform, calling on everyone to hold firmly:
HODL!
HODL
— Michael Saylor (@saylor) February 5, 2026

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analysis: BTC believers' holdings have hit a new high for this cycle, and the bottom of the bear market is no longer far away.
Crypto analyst Murphy pointed out that current on-chain data analysis shows the market is approaching a bear bottom. Faith buyers continue to accumulate BTC, demonstrating market confidence. Although the bottom position is difficult to predict, their actions help to establish the bottom range, and a new trend will emerge in the future.
GateNewsBot6m ago
Analyst: The recent pullback in Bitcoin has led to record-high realized losses, possibly approaching a cyclical bottom.
Crypto analysts point out that Bitcoin's recent pullback has led to a significant increase in realized losses, reaching a new all-time high, similar to the crashes in 2018 and 2020. Currently, market sentiment is bearish, with many holders selling off their assets, which could indicate that a bottom is approaching.
GateNewsBot2h ago
"Bitcoin is dead" search volume hits a record high: Is this a sign of surrender or the true bottom?
Recently, the Bitcoin market has experienced intense volatility, with searches for "Bitcoin is dead" surging to a record high. Bitcoin's price dropped from $126,000 to around $63,000, reducing its market capitalization by over $2 trillion, triggering panic among retail investors. Analysts believe this sentiment may signal the bottom of the market rebound. Despite selling pressure, the market still shows capital resilience, with short-term selling appearing weak. The future of the crypto market is expected to evolve rather than perish.
区块客2h ago
10x Research: Circle receives multiple positive boosts, with fundamentals and institutional interest resonating to drive the stock price higher
Circle (CRCL) stock price rises against the trend, with institutional holdings increasing indicating confidence. Circle's partnership with Polymarket to use USDC expands its applications. Analysts believe that the GENIUS Act will promote digital dollar reserves to enter the U.S. Treasury bond market, and Circle could benefit.
GateNewsBot4h ago
VanEck Releases Bitcoin On-Chain Report: Long-term Holders Selling Slows Down, Hash Rate Contraction May Lay the Foundation for Future Stronger Returns
VanEck's on-chain Bitcoin report shows that BTC prices have dropped 29%, market sentiment has weakened, open interest has declined, holder selling has slowed, miner profit margins are under pressure, and hash rate has decreased. Historical data suggests this could indicate an upcoming increase in Bitcoin returns.
GateNewsBot4h ago