BTC bull run hangs in the balance as $100K sup

BTC bull run hangs in the balance as $100K support acts as a key pivot amid whale profit-taking and macro headwinds.

“Bitcoin is still on sale,” says Michael Saylor. 

After Bitcoin [BTC] closed August down 6.5% from its $115,778 open, the claim carries weight. Meanwhile, MSTR scaled into BTC across three buys during the month, averaging $116,168 per coin.

However, those positions now sit on a 7.3% unrealized loss. Does this make MSTR’s call a risk-off play, potentially sidelining traders, and reinforcing the idea that BTC bull run hasn’t fully bottomed yet?