MicroStrategy’s Bitcoin Losses Hit $10.8 Billion as Price Falls Below $61,500
MSTR•Bitcoin’s drop below $61,500 this week pushed MicroStrategy’s unrealized losses on its digital assets to a record $10.8 billion, leaving over half of its holdings underwater. Standard Chartered’s research chief still projects Bitcoin reaching $100,000 by year-end despite the recent selloff.
1. Bitcoin Price Falls Below $61,500
Bitcoin’s price briefly dipped below $61,500 this week, extending a decline that began in late May and triggered over $635 billion in industry liquidations. Open interest plunged by about 25% over four days to $23.2 billion, its lowest level since early April.
2. MicroStrategy Unrealized Losses Reach $10.8 Billion
MicroStrategy’s Bitcoin holdings now carry an unrealized loss of $10.8 billion, a record high that leaves more than half of its digital asset portfolio underwater. The slump reflects broader market pressure as both institutional and retail investors exit positions.
3. Standard Chartered Maintains $100,000 Target
Standard Chartered’s global head of digital assets research maintains a $100,000 year-end price target, arguing that much of the selling pressure has already been unwound. The bank views current levels as a ‘buying zone’ ahead of a long-term rebound.
4. Market Dynamics and Support Levels
The recent slide was driven by ETF outflows and a sharp unwind of leveraged futures positions, testing key support levels for Bitcoin. The cryptocurrency has revisited its 200-week moving average for the first time since 2023, raising questions about potential further downside.
