Michael Saylor, has issued a remark on the Bitcoin drawdown that coincided with the period of 2024 winter holidays. He tweeted “Take a Holiday ₿reak” to his followers, hinting at the current Bitcoin drawdown. After Bitcoin rallied nearly 6% to reach the $99,400 mark on December 24, it traded in that range for two days, peaking at $99,881. However, today, the price dropped by approximately 4.57%. However, the CEO of CryptoQuant Ki Young Ju has noted that Bitcoin would hardly drop lower than 30% from its current price level. He also noted that even if this potential drop does happen, it would be short-lived and Bitcoin would quickly regain more than 30% after the fall.
