🚨 **This is starting to get serious** 👇

$BTC has dropped below $75,000.

And this is where real pressure begins.

With this move, BTC is now trading **below Strategy’s average buying price of ~$76,000**.

That means the world’s largest corporate Bitcoin bull is officially **underwater**.

Strategy holds 712,647 $BTC

coins accumulated over years with absolute conviction.

At current prices, the company is sitting on **more than $900 million in unrealized losses**.

And every further dollar down makes that number worse.

This is where **market psychology** gets tested.

Michael Saylor’s strategy has always been simple:

Buy. Hold. Never sell.

But markets don’t trade on belief.

They trade on **price**.

When Bitcoin trades below the **average cost of the largest corporate holder in the world**,

it doesn’t just hit balance sheets —

it hits **confidence**.

No coins are being sold.

No losses are locked in.

Yet the pressure is real.

Traders start asking hard questions:

– How long can price stay below cost?

– How much pain can the market absorb?

– What happens if the downside continues?

To be clear, these are **paper losses**.

Nothing has broken.

Nothing has been realized.

But markets react to **pressure before action**.

Seeing the loudest Bitcoin bull nearly $BTC 1 billion underwater** fuels fear across the market —

even when fundamentals haven’t changed.