TLDR
- Michael Saylor advises Bitcoin holders to ignore market bears and stay committed.
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Saylor’s Strategy adds 430 more BTC to its treasury amid market correction.
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Bitcoin faces a sharp correction, dropping 10% from its August peak.
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Ethereum continues its growth, reaching $4,200, while Bitcoin struggles with volatility.
Michael Saylor, the co-founder of Strategy and a renowned Bitcoin evangelist, has issued a crucial call to the cryptocurrency community. Despite Bitcoin’s recent market volatility, Saylor’s message to holders is clear: “Ignore the Bears.” The prominent Bitcoin supporter has once again reinforced his bullish stance on the leading cryptocurrency, urging investors not to sell in the face of market pressure.
Saylor’s latest statement comes amid a noticeable downturn in Bitcoin’s price. The cryptocurrency has dropped from its record high of over $124,000 earlier this month, facing profit-taking and liquidations that have contributed to a 10% correction. Saylor’s words, shared on his social media account, emphasize the importance of long-term confidence and stability despite short-term price fluctuations.
Bitcoin Faces a Market Correction
Over the past week, Bitcoin has seen a significant drop in value, shedding more than 8%. This recent decline marks the first major setback after the cryptocurrency reached an all-time high of $124,128 in mid-August. The price fell to $112,350 in late trading on Wednesday, prompting a brief dip into the “fear” zone on the Bitcoin Fear and Greed Index.
The market’s reaction is largely attributed to profit-taking as many traders capitalized on the price peak.
Alongside this, several positions were liquidated across crypto exchanges, which intensified the downward movement. However, Bitcoin’s price showed some recovery, reclaiming the $114,000 level by Thursday morning, shifting the market sentiment back to neutral.
Saylor’s Strategy Remains Bullish on Bitcoin
Despite the current market fluctuations, Michael Saylor remains committed to his bullish outlook for Bitcoin. As the CEO of Strategy, which has built one of the largest Bitcoin treasuries, Saylor’s approach to Bitcoin has been consistent. His firm recently added 430 more BTC to its holdings, worth $51.4 million, as the price dipped.
Ignore the ₿ears pic.twitter.com/CMxmWCKVwr
— Michael Saylor (@saylor) August 20, 2025
Saylor’s tweet about ignoring market bears and holding onto Bitcoin reinforces his belief that the cryptocurrency will continue to appreciate in the long term. “Ignore the Bears” was the simple yet direct message he shared with his followers, showcasing his confidence in Bitcoin’s future, regardless of current market conditions.
Ethereum Grows While Bitcoin Struggles
While Bitcoin experiences a downturn, Ethereum continues its upward trajectory. Ethereum has seen its price surge to $4,200, marking a new high for the altcoin.
In contrast to Bitcoin’s struggles, Ethereum’s growth has been supported by substantial ETF inflows, with Ethereum reaching over $1 billion in ETF-related investments this month.
The rise of Ethereum, coupled with Bitcoin’s volatility, has led some analysts to suggest that Ethereum may outperform Bitcoin in this market cycle. Ethereum’s relatively stable rise amid Bitcoin’s fluctuations shows that investor confidence in the second-largest cryptocurrency remains strong.
Investor Sentiment Remains Cautious Yet Optimistic
While the broader market sentiment may appear uncertain due to Bitcoin’s recent price drop, the general outlook remains cautiously optimistic.
Analyst sentiments suggest that the current pullback in Bitcoin’s price could be temporary, and the market could experience a recovery in the near term.
The Bitcoin Fear and Greed Index has shifted back to a neutral stance after Bitcoin’s price regained some ground. Analysts from Santiment also noted that several crypto assets, including XRP and Tether, are experiencing rising levels of social interest, which could indicate future market movements.
