Bitcoin just dropped below Michael Saylor's cost basis. Strategy holds 849,327 BTC at an average price of $75,451. Right now BTC is around $74.9K. That puts the biggest corporate Bitcoin holder on earth underwater on paper. About $1.2 billion in the red. And the pressure is stacking up: BTC just closed its 5th straight losing week. It's down about 13.5% since early October. And roughly 41% below its all time high. Even Strategy has slowed down. It bought just 811 BTC last week, and spent about 3x that amount buying back its own preferred shares. Before anyone panics: Strategy isn't forced to sell. But this level matters because the whole market is watching it. The levels: $75.5K is the line to reclaim. $73.2K is the 200 day moving average. Lose that and $69K is next. Are you buying here or waiting? 👀