The “Back to Orange” message by Michael Saylor has created new assumption that Strategy (previously MicroStrategy) will start purchasing Bitcoin again. His post was accompanied by a portfolio chart to indicate the clusters of accumulation and the milestones from purchases in the past.
This coincided with prediction markets having low odds of high price targets for BTC in 2025. The recent projections do not imply that there are high chances that Bitcoin would reach $100,000 before this year ends. This probability is at approximately 1%.
Is Saylor Suggesting a New Round of Bitcoin Accumulation?
‘Back to Orange’ is a term that is now directly associated with the BTC purchases by Strategy since it contrasts his ‘Green Dots’ posts. The green dots post often signal more than just BTC accumulation. The post by Saylor did not indicate a new purchase.
However, Strategy paused its BTC purchase last week after a Green Dots post a day earlier. These moves suggest a measured attitude towards BTC accumulation.
However, the new post has created expectations of another round of buying. the Bitcoin purchases by Strategy has been seen by many investors as conviction-driven and for the long-term as opposed to speculative.
Market Suggests Cautious Bitcoin Price Outlook
Market sentiment data indicate that there is a pessimistic price outlook for 2025. Polymarket assigns a very small likelihood of Bitcoin reaching the yearly value of $100,000.
BTC price is around $88,000 following a minute increase in the previous day. Other targets are higher than that are also below 1%. The largest probability is around the $95,000 mark, with this contract having about 7% odds. This indicates that traders are convinced about a modest rise as opposed to a strong breakout.
Another view of the Bitcoin price was from analyst Ted Pillows. Pillows shared a chart of the Bitcoin-to-stablecoin ratio which showed a strong monthly support area.
The chart is in line with a long-term framework where rejection areas have appeared several times over the peak areas in the past. In the recent past, the ratio has entered into the main demand zones. These are clearly shown on the weekly and monthly charts.
Source: https://coingape.com/saylors-back-to-orange-signals-more-bitcoin-buys/
