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Bitcoin Collapses Below $59,000. Just How Deep Is This Hole?
Key takeaways
- Bitcoin Collapses Below $59,000.
- Michael Saylor's Strategy holds 847,363 BTC at an average cost of $75,651, leaving the company sitting on a $14.3 billion underwater position.
- Recovering a 53% loss requires a 100%+ gain, and Bitcoin's prior bear markets show those recoveries often take years, not months.
Bitcoin Collapses Below $59,000. Just How Deep Is This Hole? Rich Duprey Thu, June 25, 2026 at 10:16 PM GMT+7 5 min read BTC-USD MSTR NVDA STRC STRD Quick Read Bitcoin has plunged 53% from its $126,000 peak, with $450 million in leveraged long positions liquidated within a single hour during the selloff.
Michael Saylor's Strategy holds 847,363 BTC at an average cost of $75,651, leaving the company sitting on a $14.3 billion underwater position.
Recovering a 53% loss requires a 100%+ gain, and Bitcoin's prior bear markets show those recoveries often take years, not months.
Article preview — originally published by Yahoo Finance. Full story at the source.
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