Bitcoin Alert: Saylor Hints at New Purchase as His Favorite Indicator Returns

Michael Saylor's recent suggestion about a potential Bitcoin purchase has reignited discussions among traders and investors, even as on-chain stress signals indicate a challenging period for the network. The combination of significant buying from public companies and signs of miner difficulty is capturing the attention of both bullish and bearish market participants.

Key Takeaways:

Michael Saylor hinted at a new Bitcoin purchase, creating renewed interest among traders.
Strategy, Saylor's company, holds about 650,000 BTC with an average purchase price of $74,436.
There is ongoing corporate accumulation, with the top 100 public companies now holding over 1 million BTC.
Indicators show miner stress and unrealized losses among short-term holders, suggesting market uncertainty.
Analysts are watching for potential rebounds amid continued corporate buying.

Bitcoin

Saylor's Buying Indicator

In a chart shared by Michael Saylor, it is noted that his company, Strategy, holds approximately 650,000 BTC, with a portfolio value nearing $58 billion. The chart reveals an average acquisition price of $74,436 and highlights 88 confirmed purchasing events over time.

Saylor used the phrase "Back to Orange Dots?"—a familiar cue indicating that a new accumulation phase might be on the horizon. The latest reported move from Strategy included a purchase of 130 BTC, a continuation of their strategy of buying during market downturns. This pattern is significant, as consistent buying during dips influences how other investors respond.

₿ack to Orange Dots? pic.twitter.com/npB0NWSZ52
— Michael Saylor (@saylor) December 7, 2025

Ongoing Corporate Accumulation

According to data from BitcoinTreasuries.NET, the top 100 public firms now collectively hold roughly 1,059,453 BTC. Recently, ABTC notably added 363 BTC, marking the most significant increase this week, while Cango Inc. purchased 130.6 BTC.

Corporate Buying Chart

Other companies engaged in recent acquisitions include Bitdeer, BitFuFu, Hyperscale Data, Genius Group, and Bitcoin Hodl Co. These moves indicate that certain firms continue to build their reserves even amidst price fluctuations. For market observers, a steady increase in corporate holdings can provide some reassurance, although it does not eliminate broader selling pressures.

Bitcoin Price Chart BTCUSD currently trading at $91,643. Chart: TradingView

According to Glassnode charts shared by the Bitcoin Archive, the Hash Ribbon has turned bearish again, suggesting that some miners are encountering difficulties or even halting their operations. Additionally, the Short-Term Holder Net Unrealized Profit/Loss (NUPL) has dropped below zero, indicating that many recent buyers are now holding their assets at a loss. Historically, scenarios where miners face stress while new holders are underwater often precede significant market lows.

While the outcome of this situation remains uncertain, the combination of miner stress and unrealized losses among short-term wallets is closely monitored by traders. They are particularly interested in whether the challenges faced by miners and the losses for new buyers will coincide with renewed purchases from major holders.

Some analysts believe that ongoing corporate buying and purchases by Strategy could help mitigate downward pressures and potentially lead to a price rebound. Others are more cautious, as on-chain indicators reflect genuine strain. Moreover, market movements around major events—such as announcements from central banks—have shown that Bitcoin may stall prior to policy moves and then experience sharp movements afterward.