Bitcoin (BTC) is pinned at the $75,000 level that traders have dubbed make-or-break, as three independent pressure points converge in a 48-hour window: Federal Reserve chair nominee Kevin Warsh's Senate confirmation hearing, the imminent expiry of the U.S.–Iran ceasefire, and the widening fallout from crypto's largest exploit of the year.

Michael Saylor's Strategy disclosed Monday that it acquired 17,994 Bitcoin for approximately $1.28 billion last week, paying an average of $70,946 per coin — well below both the company's overall cost basis of $75,985 and the roughly $67,000 level at which Bitcoin traded for most of the week.

Bitcoin has been under pressure lately, sliding back toward the $78,000 level as selling outpaces buyers and broader risk assets weaken — a drop of roughly 30% from its late-2025 highs. Traders and analysts are noting that momentum has gone dormant, liquidity is thin around these levels, and confidence is shaky among marginal buyers. Michael Saylor, however is buying.