Michael Saylor says $60,000 Bitcoin bottom came from seller exhaustion

Michael Saylor says Bitcoin's bottom at $60,000 was driven by "seller exhaustion" and "capital structure", according to News Explorer, while Bitcoin trades at $71,403, up 3.04% on the price feed.

The remarks frame Saylor's view of recent market action and explain why he sees $60,000 as the cycle low, the News Explorer post said.

Saylor identifies two causes: "seller exhaustion" and "capital structure". The report links those factors to the timing of the trough, without detailing specific balance-sheet metrics or institutional moves.

The News Explorer post gives no explicit timeline for further price moves or for when Saylor expects new thresholds to form, and it does not list additional forecasts beyond the bottom assessment.