BTC PEERS - 2/2/2026 10:53:44 AM - GMT (+0 )
This article is for informational purposes only and does not constitute investment advice. Always do your own research (DYOR) before making any financial decisions.
Strategy executive chairman Michael Saylor posted a buying signal on Sunday after Bitcoin fell more than 13% over the weekend. According to Cointelegraph, Saylor shared a chart showing the company's $55 billion in Bitcoin purchases since August 2020. He captioned it "More Orange," a phrase he typically uses to announce new acquisitions.
The cryptocurrency dropped from $87,970 to $75,892 between Friday and Sunday. This briefly pushed Strategy's holdings below their average cost basis of $76,040. The company holds 712,647 Bitcoin, making it the largest corporate Bitcoin holder. Bitcoin later recovered to $76,765. This would represent Strategy's fifth Bitcoin purchase in 2025.
President Donald Trump announced Friday he nominated Kevin Warsh to replace Jerome Powell as Federal Reserve chair. The announcement triggered immediate market volatility. Gold and silver both declined by double digits. The S&P 500 index fell approximately 0.43%. Warsh previously served as a Federal Reserve governor from 2006 to 2011.
Impact on Strategy and Market SentimentThe weekend decline temporarily erased Strategy's paper gains on Bitcoin holdings. The company has accumulated Bitcoin since 2020 through equity and debt offerings. We previously reported that governments worldwide are considering Bitcoin reserves to bypass payment restrictions and reduce SWIFT dependence. Strategy's approach differs as a corporate treasury strategy rather than sovereign reserve policy.
Market sentiment reached its lowest point in six weeks. The Crypto Fear and Greed Index dropped to 14 out of 100 on Sunday. Former Binance CEO Changpeng Zhao stated he is now "less confident" about a Bitcoin supercycle. Nearly $1.5 billion exited US spot Bitcoin ETFs in the five days before the crash. According to Yahoo Finance, Bitcoin rallied after only one of eight Federal Open Market Committee meetings in 2025.
CoinDesk notes that Warsh has mixed views on cryptocurrency. He called many private crypto projects "fraudulent" and "worthless" in 2022. However, he stated Bitcoin "does not make me nervous" in a May 2025 interview. Warsh has invested in crypto startups including Bitwise Asset Management and Electric Capital.
Broader Market ImplicationsWarsh is viewed as more hawkish than Powell on monetary policy. He previously criticized quantitative easing and Federal Reserve balance sheet expansion. Analysts expect his nomination to pressure risk assets like Bitcoin in the short term. His focus on tighter monetary policy and higher real interest rates contrasts with the loose conditions that fueled crypto gains.
The weekend crash exposed fragility in crypto market structure. Thin liquidity during weekend trading allowed rapid price declines. Leveraged positions faced automatic liquidations as Bitcoin broke key support levels. This created a downward spiral that accelerated losses. Traditional safe-haven assets like the US dollar attracted capital instead of Bitcoin.
Warsh must still receive Senate confirmation before assuming the Fed chair role. Senator Thom Tillis has publicly stated he will block any nominee until investigations into Fed building renovations conclude. Powell's term expires in May 2026 but he can remain on the Board of Governors until January 2028. The confirmation process uncertainty adds another layer of market volatility ahead.
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