BTC downtrend risk builds near $60K as MSTR drops 81% from ATH, erasing $153B while Strategy holds 847,363 Bitcoin. Bitcoin pressure has returned as traders watch the $60,000 support area and Strategy’s falling share price. MSTR remains closely tied to Bitcoin sentiment. Michael Saylor’s MSTR reportedly hit $103 yesterday, its lowest level in nearly 23 months. The stock is now down 81% from its all-time high. Strategy holds 847,363 Bitcoin, valued at about $53 billion based on reported prices. However, its stock trades below its Bitcoin reserve value. Meanwhile, Bitcoin remains in a tight range as traders wait for confirmation. The $60,000 area and weekly 200MA remain key levels. MSTR Falls as Bitcoin Reserve Gap Widens Strategy holds 847,363 Bitcoin, worth about $53 billion at current reported prices. The company remains one of the largest public holders of Bitcoin. Its stock often moves closely with changes in Bitcoin market sentiment. BREAKING: Michael Saylor's $MSTR hit $103 yesterday, a new 23 month low. It is now down -81% from its all time high and has wiped out $153 billion from its market cap. Strategy holds 847,363 Bitcoin worth $53 billion at current prices. The stock is trading well below the value… pic.twitter.com/qLf8NEX0X0 — Bull Theory (@BullTheoryio) June 24, 2026 However, MSTR is now trading below the reported value of its Bitcoin reserve. This gap has drawn attention from investors tracking Bitcoin-linked public companies. The gap also shows how market confidence can move apart from asset value. Strategy also has an unrealized Bitcoin loss of about $11.2 billion, based on shared data. That amount equals nearly 29% of its reported market value. Therefore, Bitcoin’s next move remains important for MSTR’s market position. BTC Price Action Stays Near Key Support Bitcoin is currently moving in a choppy low-timeframe range, according to Daan Crypto Trades. The price is also forming a falling wedge pattern on shorter charts. However, traders usually wait for confirmation before trusting such patterns. $BTC Low timeframe chopping around and starting to form this falling wedge pattern. This is on top of high timeframe support with the big $60K area below and the Weekly 200MA. But the bigger trend is obviously still down so it's best to wait for these structures to actually… pic.twitter.com/jsm6AwZYMj — Daan Crypto Trades (@DaanCrypto) June 24, 2026 The larger trend still shows pressure, based on the same market view. The $60,000 area remains a key support zone below current levels. In addition, the weekly 200 moving average is also being watched. If Bitcoin loses its current range, traders may expect another test of $60,000. A failed hold there could renew concerns about a deeper pullback. For now, the market remains uncertain and lacks a clean breakout. Read Also: Bitcoin Holds $65.8K as MARA Bets $66.7M on Rebound Traders Wait as Altcoins Show More Movement Many analysts are avoiding early Bitcoin positions during the current sideways action. Sharp moves inside a narrow range can lead to poor entries.  As a result, some traders are waiting for a confirmed breakout. Altcoins have offered more movement during recent weeks, according to analysts. That has made selected altcoin setups easier to trade for some short-term traders. Still, weaker Bitcoin conditions can quickly affect the broader crypto market. The next move may depend on whether Bitcoin breaks the wedge or loses support. A strong breakout could reduce pressure on both BTC and MSTR.  However, another move toward $60,000 would keep downside risk in focus. The post BTC Downtrend Risk Builds Near $60K as Michael Saylor’s MSTR Sinks 81% from ATH appeared first on Live Bitcoin News.

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