Bearish Saylor Sentiment Signs Potential Bitcoin Down: Report

The strategy's stock has fallen about 65% since July, fueling recalls and fears of leverage and forced selling.

Bitcoin (BTC) traders are stepping up their criticism of Michael Saylor and his strategy as the major cryptocurrency struggles to regain momentum in late December 2025, fueled by fears surrounding social media use, debt and forced sales.

However, an analyst firm on the chain said sentiment may be showing the opposite sign of a wave of pessimism. Accordingly, significant negativity for high-profile Bitcoin holders has often been seen at local market lows, suggesting that selling pressure may be nearing exhaustion rather than just beginning.

Increasing hatred for Saylor as Bitcoin storage

In a post on Christmas Eve, Sentiment noted that discussions around strategy and Saylor have increased sharply since Bitcoin failed to pull higher in mid-November. A key driver of the firm's pullback was a sharp decline in the price of Strategy's stock, which fell nearly 65 percent from around $456 in July to $160 in December.

Sentiment wrote that the drop, reflecting growing frustration among retailers, “came with some hostility, disappointment and, of course, memories.” Much of the concern has focused on strategic aggressive lending to buy bitcoin, a scheme that has worked well during strong markets but looks risky during downturns.

On X and Reddit, the topic often comes up around fears of over-leveraging and solvency, even though most of the company's debt doesn't face daily margin calls.

Sentiment pointed out that another source of concern is a change in strategic identity under Saylor, with many traders viewing it less as a software firm and more as a Bitcoin proxy. The market intelligence platform pointed out that social posts, including forced BTC sales or stock replenishment, jump to dire situations, although the results are not automatic.

In addition, in less than three weeks, Polymarket data showed that 61% of traders' strategies could be removed from the MSCI index by March 31 next year, adding to the gloomy sentiment.

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A possible sign of sentiment is hostility.

“The heavy doldrums on Strategy and Michael Saylor are arguably a subtle sign that FUD has reached its peak,” the firm said.

When fear goes to one side, it means that many weak hands have already been sold, which means that there are fewer sellers.

This view comes as other data points show the strategy has shifted to a more defensive stance. A CryptoQuant report released at the beginning of the month revealed that the company It has scaled back bitcoin purchases until 2025 and built up a dollar cash buffer to cover at least one year of interest and interest.

While Strategy still holds more than 670,000 BTC, recent disclosures have confirmed that it is now possible to sell Bitcoin or use derivatives as part of risk management.

Santiment added that if the sentiment is overwhelmingly negative for people like Saylor, even modest positive developments can quickly change the narrative. And although fear alone doesn't guarantee a revival, history shows that when social gossip turns relentlessly into hostility, the risk of harm can already be covered.