On Wednesday, Strategy CEO Phong Le said the firm plans to rely more on its Stretch (STRC) perpetual preferred stock rather than issuing new common shares to fund additional Bitcoin purchases. STRC, the company's fourth perpetual preferred issue launched in July with an annual dividend above 11%, has now returned to its $100 par value, which could allow Strategy to restart offerings. Le also indicated the firm is not looking to acquire rival Bitcoin treasury companies, calling such deals a distraction from its core product. Strategy's common shares closed the same day down over 5% at $126.14.

Michael Saylor reiterated that his company will keep purchasing Bitcoin on a set schedule, saying short‑term volatility will not alter the plan. Per public statements and company filings, acquisitions are planned each quarter, with the firm holding 714,644 Bitcoins and carrying total borrowings reported at more than $8 billion.

Bitcoin failed to hold above $70,000 and slipped below $68,800 and $68,000, with price also under the 100 hourly simple moving average and a trendline near $68,200. Resistance sits at $69,000 and $70,000, while supports are seen at $66,000, $65,000, then $63,500, $62,000 and $61,200.

In a recent social media post, Robert Kiyosaki said he would choose Bitcoin over gold if limited to one asset, pointing to Bitcoin's fixed 21 million supply and its design as the key reason. He previously disclosed in November 2025 that he sold about $2.25 million worth of Bitcoin acquired years earlier near $6,000 each, while community notes dated January 23, 2026 indicated he had also said he was still buying Bitcoin alongside gold, silver, and Ethereum.

According to an analysis by X Finance Bull, a $500 position taken in XRP at its 2014 lows would now be worth about $255,000, while the same amount invested in Bitcoin over that period would have grown to roughly $133,000. The study highlights that XRP delivered a 511x return versus Bitcoin’s 266x gain, helped by network development, institutional products such as spot ETFs launched in November 2025, and regulatory milestones that supported price appreciation through 2025.

Analysts argue that Bitcoin’s price cannot be reduced to a single halving or macro cycle, as several economic forces interact at the same time. Giovanni notes that the halving still mechanically changes miner incentives while a 4‑year pattern also appears in the PMI, implying coupled cycles rather than one dominant driver. Another analyst, The Smart Ape, reports that a simple probability model for 15‑minute BTC markets on Polymarket tracks trader‑set odds within a 1–5% band, suggesting bot‑driven, rules‑based trading behaviour.

On Wednesday, Bitcoin fell to $65,800, slipping beneath key intraday trend lines. According to analysts, a widening thin-liquidity pocket between $66,000 and $60,000 increases the likelihood of a move toward the $59,800 yearly low. Heatmaps indicate limited resting liquidity down to $60,500, while repeated failures near $70,000–$72,000 keep momentum soft.

Bitcoin has fallen for three consecutive days, dropping below $66,000 after a failed push above $70,000 and returning toward its 2026 low. Onchain and derivatives data indicate spot-led selling on Binance, a negative Coinbase premium signaling weak US participation, and declining open interest with net outflows of roughly -$2.8 billion over 30 days.