Bitcoin Dips Below $87K After Strategy Buys 10,645 BTC

Key Highlights

• On December 15, Bitcoin fell by 2.71%, dropping below $87,000 and sparking fear in the community 
• Some experts believe that Japan’s rate hike sparks fear in the cryptocurrency community 
• This sharp drop comes after Strategy announced its new Bitcoin acquisition of 10,645

Bitcoin, the leading cryptocurrency, has witnessed a major dip with a 2.5% drop, declining below $86,207.95, according to CoinMarketCap. 

Why is Bitcoin Falling?

According to CoinMarketCap, the cryptocurrency is trading at around $86,231 with $1.73 billion in market capitalization. 

The cryptocurrency market is expecting fear from growing fears of a Bank of Japan (BOJ) interest rate hike at its December 18-19 meeting. 

According to Van Toan in CoinMarketCap’s community post, a sharp fall in the BTC price has opened a major gap in CME Group’s Bitcoin futures market, now situated below the $90,300 level. 

This gap, formed while traditional markets were closed, is getting close attention from traders due to its past performance. 

“Traders are watching this zone closely, as CME gaps historically act as magnets that often get filled during subsequent price action. If bullish momentum returns, this $90K area could serve as a potential target for a rebound or support test in the near term,” stated in the community post. 

Bitcoin Crashes After Michael Saylor Raises Warnings

After the biggest liquidation on October 10, BTC and the entire cryptocurrency market is continuously facing sustained pressure after seeing a peak at $126,000. 

The price of BTC has fallen to approximately $86,200, which is a major drop from its peak. This decline comes despite regulatory developments and growing institutional adoption that could benefit the market. 

The downfall in the biggest cryptocurrency market comes after Michael Saylor, CEO of Strategy, issued a huge warning. He warned that if his company, Strategy, was removed from major stock indices like MSCI, it could result in “chaos, confusion,” and “profoundly harmful consequences.”

Strategy is known for its massive Bitcoin holdings, which recently managed to retain its position in the Nasdaq 100 index. This retention has provided some relief to shareholders after a massive drop in its stock. 

“The Bitcoin hoarding will continue until the complaining stops,” stated in the post on X. 

Despite this good news, there is still fear in the cryptocurrency market. After the latest Federal Reserve interest rate decision, Bitcoin’s price is continuously going through waves of uncertainty with catastrophic conditions. 

Earlier, Michael Saylor challenged MSCI’s new proposal that would exclude companies with over 50% of assets in crypto from its holdings. He argued that it would be reactive and harmful. 

Saylor and Strategy’s chief executive Phong Le stated in the letter, “MSCI can either succumb to the reactive short-sightedness that established institutions sometimes display toward innovation, or it can allow its indices to reflect, neutrally and faithfully, the next era of financial technology. The wiser course—for MSCI, for investors, and for the broader economy—is for MSCI to remain neutral and let the markets decide the course of [digital asset treasury companies].”

”In our opinion, a decision to remove MicroStrategy from MSCI indices would have limited downside to MicroStrategy and Bitcoin as index exclusion has been already more than priced in,” J.P. Morgan analysts Nikolaos Panigirtzoglou said.

Amid the downward trend in the cryptocurrency market, major financial institutions are also adjusting their forecast for Bitcoin. Standard Chartered has reportedly halved its year-end 2025 Bitcoin price prediction, revising it down from $200,000 to $100,000. 

Ahead of this crash, Strategy has disclosed the acquisition of 10,645 BTC, worth $980.3 million at approximately $92,098 per bitcoin. It has achieved a BTC Yield of 24.9% year-to-date 2025.

Also Read: Strategy Sells Stock to Buy 10,000+ Bitcoin, Treasury Grows