Market Recovery: Michael Saylor Bitcoin Influence on Price Stability

Michael Saylor, executive chairman of Strategy, has once again used social media to reaffirm his commitment to Bitcoin . In the posts on X, Saylor told his millions of followers to “Bet on Orange” and warned, “First, Do No Harm to Bitcoin.” Michael Saylor Bitcoin remarks come as the currency holds steady above $113,000 following a volatile week in the crypto markets.

Source: X

Market Stabilizes After Heavy Liquidations

The cryptocurrency market recovers from last week’s turbulence. As the BTC is labelling around $113,582, up 1.65%, Ethereum is steady at $4,167. This coming back is the result of the liquidation of $1.5+ billion in leveraged positions, which forced a sharp correction across altcoins.

Analysts argue that the drop served to restore the market, taking off excessive leverage and providing ₿ coin a more solid foundation upon which to advance. Technical charts indicate its holding above $113,000 support with indications of a possible move towards $114,000 resistance.

Saylor’s Message: “Do No Harm to Bitcoin”

Saylor's other post , "First, Do No Harm to ₿- coin", reflects his conviction that the integrity of Bitcoin's reputation as "digital gold" shouldn't be sacrificed even in the face of market volatility.

Price cycles, in his view, are short-term, but keeping  safe from bad regulation, exploiters, and irresponsible leverage is important for long-term adoption

Bitcoin's Positioned as Top Market Choice

Saylor’s confidence comes as ₿ coin continues to dominate the crypto market. The currency still dominates the institutional and retail adoption choice with a market dominance near 56%. Strategy itself holds a more than $71 billion worth of coins (₿639,835), positioning it as the largest corporate Bitcoin treasury firm in the world.

At the same time, major institutions are expanding their exposure. Japan’s Metaplanet recently purchased 5,419 BTC ($632M), making its total to 25,555 BTC. Along with this many states, entities are also accumulating the asset, showing its role as a safeguard in volatility.

BTC vs Altcoins: Diverging Paths

• Bitcoin Dominance : Currently stands at 56.18%, suggesting investors are prioritizing BTC over altcoins.
  

• Altcoin Season Index: Fell from 77 to 70 last week, signaling weakening altcoin momentum.
  

• Altcoins: XRP and SOL raised warning signs, while BNB had a brief touch of $1,000 before showing falling volume. Some mid-cap names such as LINK, AVAX, and IMX bounced back, although experts warn that altcoins will continue to face pressure until ₿ confirms a breakout.

Outlook: Saylor’s Orange Bet for Q4

With October, historically one of Bitcoin’s strongest months—just around the corner, sentiment is cautiously shifting positive. Technical indicators suggest BTC is holding critical support, while institutional demand keeps rising.