SkyBridge Capital founder Anthony Scaramucci urged investors on Sunday to capitalize on a Bitcoin buying opportunity, suggesting that current skepticism regarding Michael Saylor’s firm, Strategy Inc., presents a chance to gain an advantage. Scaramucci addressed the growing narrative that Saylor is going to get liquidated, advising followers not to get "left behind" during the early summer of 2026. He reaffirmed his support for Saylor’s Bitcoin accumulation approach, stating, "I ride with Saylor," and hinted at a potential turnaround once the market turbulence subsides.

Scaramucci also shared advice for novice investors, encouraging them to do their "homework" and avoid buying Bitcoin indiscriminately without conviction in its core attributes. He recommended a long-term investment horizon of four to five years and discouraged short-term trading. The SkyBridge founder, a long-standing Bitcoin advocate, noted that the cryptocurrency remains consistent with its typical four-year cycles and predicted a rally in the fourth quarter of 2026 into early 2027.

The advice comes amid a period of heightened skepticism toward Bitcoin and Strategy, a company widely viewed as a Bitcoin proxy. The cryptocurrency has plunged more than 18% in a month, while Strategy stock has dropped 48% over the same period. After peaking at $543 in November 2024, the stock fell to $82, with its market capitalization shrinking from $128 billion to $28 billion. According to Forbes, Saylor’s net worth has decreased from over $7 billion to $3 billion.

Key Market Data

At the time of writing, Bitcoin was trading at $60,064.87, down 0.16% in the last 24 hours. Strategy shares closed 3.54% lower at $82.31 during the recent regular trading session. Market analysis indicates that Strategy has underperformed across short-, medium-, and long-term timeframes.

Leading cryptocurrencies traded in the red overnight on Sunday as renewed U.S.–Iran confrontations threatened a fragile ceasefire. Bitcoin attempted a breakout above $60,000, only to encounter sharp selling pressure that drove it below $59,000. Ethereum meandered in the $1,500 region, while XRP and Dogecoin traded in the red. The global cryptocurrency market capitalization stood at $2.02 trillion, following a decline of 3.38% over the last 24 hours.

Over $180 million was liquidated from the cryptocurrency market in the last 24 hours, overwhelmingly from longs, according to Coinglass data. Bitcoin’s open interest fell 0.69% over the same period. Smart money sentiment remained "extremely bearish," but traders on Binance, both retail and whales, increased their long exposure. "Extreme Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.

Market Performance

Top Gainers

Analyst Outlook

Michaël van de Poppe, a cryptocurrency commentator, speculated on Bitcoin’s moves once it breaks back above $61,000. "It would strengthen the thesis of the bullish divergence, and the markets can target the $65, resistance [and old support of the range] as the next target zone," the analyst said. "The fact that the markets aren’t falling deeper with all the panic and fear combined is actually a pretty interesting signal."

Ali Martinez, a cryptocurrency analyst, noted that heavy selling by whales, roughly $880 million over the past week, pushed Ethereum below its key support at $1,633. "If this distribution trend continues into next week, the next high-volume demand targets for ETH sit much lower at $1,237 and $1,089," Martinez said.

External Market Factors

Stock futures ticked higher overnight on Sunday. The Dow Jones Industrial Average Futures jumped 147 points, or 0.29%, as of 8:45 p.m. EDT. Futures tied to the S&P 500 climbed 0.40%, while Nasdaq 100 Futures gained 0.19%. Tensions escalated during the weekend after the U.S. and Iran exchanged fire following an alleged ceasefire violation in the Strait of Hormuz. Later, a Trump administration official reportedly said that the two sides will "stand down for now" and let vessels move freely in the critical oil shipping point.