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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead
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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead

Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!”

Christian Encila
Christian Encila
Last Updated: October 16, 2025 1:00 pm
3 mins read
Saylor

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Michael Saylor’s latest push to steady Bitcoin holders arrived as markets wobbled this week. A 15-second clip and a fresh corporate buy were timed closely, and both landed while investors were still digesting a sharp pullback that pushed Bitcoin near $102,000 before a rebound.

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Saylor Issues Viral Warning

According to a short cinematic video titled “Don’t Feed The [Bitcoin] Bears,” Saylor used a playful metaphor — “Ursus Bitcoinius, the Bitcoin Bear” — to urge holders not to reward bearish chatter.

Based on reports, Strategy, formerly MicroStrategy, also announced a purchase of 220 BTC for about $27.2 million. That move was presented as proof the company remains committed to its crypto holdings. Strategy’s total was reported at 640,250 BTC, valued at roughly $71.40 billion.

Don’t feed the ₿ears.pic.twitter.com/y57k5XGepj

— Michael Saylor (@saylor) October 15, 2025

Market Moves After Trade Shock

Markets had slipped earlier after renewed US-China trade tensions. The drop forced liquidations and rattled traders. Bitcoin later recovered to about $111,500, but fear lingered.

The broader crypto market cap held near $3.8 trillion. Ether traded past the $4,100, BNB at $1,180 and Solana above $190. Dogecoin outpaced many majors with a 5% gain on the day and a 20% rise for the week.

On-Chain Notes And Sentiment Readings

On-chain analysts said the pullback looked orderly. Based on reports from CryptoQuant, the sell-off was a controlled deleveraging rather than a panic exit.

Sentiment trackers offered mixed signals; the Fear & Greed index sat near 37, while some risk measures showed readings closer to 34.

“The bears seem to have had their fill,” FxPro’s Alex Kuptsikevich said. That comment reflected a view that downside pressure may be easing, but it did not mean risk had vanished.

BTCUSD now trading at $110,601. Chart: TradingView

Why The Video And Buy Matter

The combined message — public morale boost plus a buy — is designed to shore up confidence. Strategy’s purchases act as both an investment and a message to shareholders, who watch company holdings closely.

Reports show many traders now defend the $109,000–$110,000 range as a makeshift base that formed back in August.

Analyst Views And What To Watch Next

Traders and analysts are watching headlines tied to geopolitical tensions and any fresh liquidation data. If risk aversion grows again, prices could test lower ranges.

Conversely, steady buying and calmer macro news could support continued gains. Liquidity in futures markets and the pace of new inflows will be key variables.

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Public Signals

Saylor’s video won attention. So did the 220 BTC purchase. Both were public signals aimed at pushing sentiment away from fear.

The episode looked like a response to short-term turbulence rather than a definitive end to broader risks.

Investors will likely treat the actions as one piece of information among many as they decide whether to add or wait.

Featured image from Unsplash, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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