This wave of price action feels a bit familiar, just like what happened around 49,000 before—the whole market was filled with pessimism, everyone was calling for a drop, and then some institutional whale went on a buying frenzy at that exact point.

The recent market action is even stranger: every time the price rises a little, large amounts of capital immediately sell it down. But what's amazing is that within 10 minutes, as if there’s some program supporting it, the price bounces right back up. Later, news confirmed that the institutional buyer increased their position again.

However, this time might be different—if their buying strength this round is much weaker than at 49,000, Saylor will really have to step up.