MicroStrategy detects signal of additional Bitcoin purchases…launches Saylor Tracker chart
Suehyeon Lee
Summary
- MicroStrategy was observed to show a signal of additional Bitcoin purchases this week.
- Michael Saylor, chairman of MicroStrategy, launched the Saylor Tracker chart and called this week an 'important week for Bitcoin.'
- Bitcoin has fallen below the $94,000 level and is trading at $93,111.25.
As Bitcoin (BTC) continues its downward trend, a signal that MicroStrategy purchased additional Bitcoin this week was detected.
On the 16th (local time), Michael Saylor, chairman of MicroStrategy, launched the Saylor Tracker chart on his X and described this week as "₿ig Week" for Bitcoin.
The chart captures recent movements based on changes in MicroStrategy's Bitcoin holdings, and when Saylor posts it, it has usually been interpreted as a new Bitcoin buying signal.
Meanwhile, Bitcoin continued its decline and fell below the $94,000 level for the first time since May. Currently, according to CoinMarketCap, it is trading at $93,111.25, down 2.29% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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