The cryptocurrency market is experiencing a sell-off, with Bitcoin dropping over 11% in the last 24 hours. This has led to nearly $1 billion being liquidated across the market, with Bitcoin accounting for $372 million of the total. Michael Saylor, the cofounder and chairman of Strategy, responded to the market instability with a poetic statement, expressing his long-term belief in Bitcoin. Despite the short-term fluctuations caused by fear and speculation, Saylor believes true believers will continue to build and accumulate BTC. There are also macroeconomic concerns affecting Bitcoin's rise, with prices dipping and enthusiasm about a U.S. strategic crypto reserve being overshadowed. Strategy announced that it did not sell any common stock or buy any Bitcoin recently, marking a departure from its usual pattern of weekly Bitcoin acquisitions.



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