Bearish Sentiment Around Michael Saylor and Strategy Seen as Possible Bitcoin Bottom Signal in December 2025

In late December 2025, Bitcoin was struggling to sustain upward momentum as traders increasingly criticized Michael Saylor and Strategy over leverage, debt, and possible forced selling. On-chain analytics firm Santiment argued that this intense bearish mood, combined with Strategy's roughly 65% stock drop since July and worries about index removal, may indicate emotions have reached an extreme and that selling pressure could be nearing exhaustion. Strategy still holds more than 670,000 BTC and, according to recent disclosures, has slowed purchases and built a cash buffer while allowing for potential Bitcoin sales or derivatives use as part of risk management.