The latest crypto market crash is gaining notable traction, with many evaluating the potential of a further downfall ahead. According to the latest data, the crypto space has lost more than $2 trillion from its market cap since October 2025, suggesting the heavy selling pressure in the market.
In addition, the Strategy Chairman, Michael Saylor, is also in the discussions, as the firm sold $2.5 million in Bitcoin. A flurry of market watchers have also blamed this selloff as a potential reason behind the recent BTC price crash.
However, despite that, Saylor appears to have remained bullish on the potential future movement of Bitcoin as well as the broader crypto market.
$2 Trillion Erased from Crypto Market Amid Recent Ongoing Selloff
The crypto sector has continued to stay in the red as investors are treading cautiously amid the ongoing geopolitical and other turmoil. As of writing, the global crypto market cap fell more than 3.2% to $2.23 trillion in the last 24 hours, with BTC price trading near $64k after falling to as low as $61,000.
Notably, many have attributed the recent dip in Bitcoin price to the recent BTC selloff by Michael Saylor’s Strategy. However, others have refuted claims and blamed the ongoing US Spot Bitcoin ETF outflow as the potential reason behind the selloff.
Amid this, The Kobeissi Letter highlighted the massive selling pressure in the crypto market over the past few months. For context, the report showed that the crypto sector has lost more than $2 trillion since October last year, equivalent to a drop of 48%.
Meanwhile, it’s not only Bitcoin that is facing the heat amid the recent downturn in the market. For context, top altcoins like Ethereum, XRP, Solana, and others have also contributed significantly to the recent dip in the broader market.
Michael Saylor Remains Bullish, Here’s Why
Despite the ongoing selling pressure, Strategy Chairman Michael Saylor remains bullish on the future trajectory of the crypto market. Saylor argued that the recent price declines reflect capital rotation rather than a fundamental breakdown in Bitcoin’s long-term thesis.
In a recent X post, Saylor highlighted the broader macroeconomic dynamics shaping investor behavior. He noted that capital markets have funneled roughly $400 billion into artificial intelligence infrastructure over the past six months.
Having said that, he suggests that Bitcoin is facing temporary pressure as liquidity shifts toward the AI sector. At the same time, he noted that Bitcoin exchange-traded funds (ETFs) have recorded approximately $4 billion in outflows since mid-May, contributing to the current downturn.
Considering that, it seems that Michael Saylor remains confident in a potential recovery in the crypto market ahead. Despite that, investors should exercise due diligence, given the gloomy sentiment hovering in the market.
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