Bitcoin is showing signs of cooling after recent volatility. During this period, Michael Saylor addresses the crypto community with a reminder about resilience.
Bitcoin Price Changes
After reaching a record high of nearly $123,000, Bitcoin's price has retraced after testing the upper limits of a newly formed air gap between $104,000 and $114,000. Currently, Bitcoin is trading at $118,616, up 0.06% in the last 24 hours.
Michael Saylor's Comment
Amid the market changes, Michael Saylor shared a message with the crypto community: "The cowards never started, and the weak died along the way." This quote, attributed to Phil Knight, the founder of Nike, emphasizes the importance of endurance and courage in achieving success.
Whale Wallet Activity
In the stagnant market conditions, the reactivation of dormant Bitcoin wallets raises concerns about potential profit-taking by long-term investors. One such wallet activated after 12 years and transferred 343 BTC. Additionally, an address that had been inactive for over 12 years also activated 330 BTC.
Thus, the current situation in the Bitcoin market raises various questions and concerns among investors. Michael Saylor's comment serves as a reminder of the need to be resilient in unstable times.
