Bitcoin experienced a sharp drop over the weekend, falling over 7% and hitting a low near $75,000, close to its April 2025 low. The drop led to the liquidation of $800 million in BTC. The price failed to hold $80,000 and the true market mean level, causing Strategy’s 700,000 BTC treasury to fall into the red. Data from TradingView showed BTC/USD dropping below $80,000 for the first time since April 2025. Bitcoin traders faced increased downside pressure due to low liquidity over the weekend, with BTC/USD trading below $78,000. Analysts noted that Bitcoin had lost its true market mean, which could impact short to medium-term price action. The price touched the April 2025 low near $74,500, with further downside levels to watch. Strategy, with the largest corporate Bitcoin treasury, faced going into the red on its BTC holdings at $76,037. The company holds over 700,000 BTC, with its stock price dropping nearly 70% from its highs in July last year.

Read more at CoinTelegraph: Strategy’s BTC Holdings Flip Red as Bitcoin Crashes to as Low as $75,500