Strategy Executive Chairman Michael Saylor posted a weekend message referencing the firm's average cost basis of $74,400 per BTC for its 649,000 Bitcoin holdings. The signal has sparked varied interpretations among analysts regarding potential next moves. MSTR's market-to-net-asset-value ratio has fallen below 1, according to market data.

Vanguard, which manages $11 trillion in assets, will allow its approximately 50 million clients to trade cryptocurrency ETFs and mutual funds on its brokerage platform starting Tuesday, Bloomberg reported. The firm will provide access to regulated crypto products that meet U.S. compliance standards. Products linked to memecoins or lacking explicit SEC support will remain restricted.

Bitcoin mining profitability declined for the fourth consecutive month in November, with average daily block reward gross profit falling 26% month-over-month, JPMorgan analysts reported. Network hashrate retreated 1% to 1,074 exahashes per second after reaching an all-time high in October. The fourteen U.S.-listed miners tracked by the bank saw their combined market capitalization drop 16% to $59 billion.

The cryptocurrency market lost $160 billion in value as Bitcoin dropped 4.3% to $86,000, triggering $637 million in liquidations with long positions accounting for 90% of the total. Data show MicroStrategy's market-to-net-asset value fell to 0.97× on November 22, with investors effectively paying less than $1 for each $1 of Bitcoin held by the company.

Placeholder VC's Chris Burniske has identified a long-term opportunity in Bitcoin but cautions that accumulation may require a deeper pullback toward the 200-week simple moving average around $56,000. He states current pessimism creates favorable risk-reward for high-conviction positions, though aggressive deployment remains premature. Burniske views the ongoing repricing across crypto markets as necessary rather than destructive.

Bitcoin fell 6.16% within six hours over the weekend, breaking below $90,000 as selling pressure intensified. The decline triggered $650.67 million in liquidations across the market, data show. Technical analysis identifies two critical liquidity zones at $83,300-$85,500 and around $95,000, with the overall trend remaining firmly bearish.

Vanguard, the world's second-largest asset manager with over $11 trillion under management, will begin allowing cryptocurrency ETFs and mutual funds to trade on its platform starting Tuesday. The firm cited evolving investor preferences and improved fund stability as reasons for the policy shift. The move marks a reversal from its previous stance against offering crypto-related products, including spot bitcoin ETFs launched by competitors BlackRock and Fidelity.

Bitcoin trades under pressure below $90,000 following a sharp decline, yet order flow data shows the most substantial hidden-buying divergence of the current market cycle. Analysis indicates significant accumulation by large participants despite weak price action. This imbalance suggests institutional demand persists even as retail sentiment turns bearish amid renewed concerns over China policy and Tether reserves.