Here’s a tighter, polished rewrite with a professional market wrap tone:

Bitcoin posted a modest bounce even as Asian equities slid, extending a risk-off mood triggered by sharp declines on Wall Street.

Pressure builds on STRC
Strategy’s (MSTR) high-yield preferred shares, STRC, came under renewed pressure in pre-market trading, falling 2.5% to $73.80. MSTR stock also slipped about 2%.

Bitcoin (BTC) remained largely flat, hovering near $59,300.

Amid the ongoing sell-off across BTC, MSTR, and STRC, market participants have become increasingly vocal with proposals for Michael Saylor’s strategy.

Nakamoto (NAKA) CEO David Bailey—whose firm’s stock has dropped more than 99% since last summer—suggested a plan to revive sentiment. In a post on X, he proposed raising $2 billion via MSTR equity, pausing dividends, and using cash reserves to buy back preferred shares at a discount.

According to Bailey, such steps could reduce forced selling, stabilize the capital structure, and restore confidence once the approach proves durable.

Accumulation returns across the board
All bitcoin wallet cohorts have shifted back into accumulation for the first time this year as BTC trades below $60,000, according to Glassnode.

The accumulation trend has held steady for weeks, initially driven by retail buyers and now joined by large whale entities holding over 10,000 BTC.

Risk-off sentiment dominates
Bitcoin dipped below $60,000 during Friday’s pre-market session, down slightly. Meanwhile, safe-haven assets edged higher, with gold above $4,000 and silver above $58.

A stronger U.S. dollar (DXY above 101) weighed on risk assets, pushing the Nasdaq 100 ETF (QQQ) down 1%.

Semiconductor stocks retreated as well, with Micron (MU) and Sandisk (SNDK) each falling around 5% after strong prior gains.

Bitmine set for index inclusion
Bitmine Immersion Technologies (BMNR) is poised to join the Russell 1000 Index, a development expected to drive increased institutional exposure.

The firm holds roughly 5.67 million ETH, alongside substantial cash reserves and no debt, though its shares remain significantly below prior highs.

Saylor underscores long-term focus
Michael Saylor reiterated that volatility tests capital structures, emphasizing Strategy’s commitment to bitcoin, disciplined capital allocation, and long-term value creation.

MSTR shares have dropped sharply, now more than 85% below their November 2024 peak, while STRC trades roughly 25% below its $100 par value.

Crypto heads for another weak quarter
Major cryptocurrencies—including BTC, ETH, XRP, and SOL—are on pace for a third consecutive quarterly decline, echoing trends last seen in the 2022 bear market.

Bitcoin is down about 12% this quarter, with ether off 25%, XRP 22%, and solana 16%. A few tokens, including HYPE, ZEC, and NEAR, have posted strong gains.

ETF outflows continue
U.S. spot bitcoin ETFs recorded $696 million in outflows, marking six straight days of redemptions. Ether ETFs also saw continued withdrawals, with total assets falling to $8.3 billion.

Tether briefly surpasses ether
Tether’s USDT temporarily overtook ether in market value rankings, becoming the second-largest crypto asset behind bitcoin, largely due to ETH’s recent weakness.

Liquidations exceed $1 billion
Crypto markets saw over $1 billion in liquidations in the past 24 hours, with long positions bearing the brunt.

Bitcoin accounted for $489 million, followed by ether at $295 million, as prices hovered near key support levels. Quarter-end options expiry is adding to volatility.

Bitcoin rebounds as Asia weakens
Bitcoin rebounded from recent lows to trade near $59,800, though it remains down significantly on both weekly and monthly timeframes.

Analysts continue to point to the $50,000–$60,000 range as a critical support zone.

Meanwhile, Asian markets remain under heavy pressure, with South Korea’s Kospi down 8% and Japan’s Nikkei off 3%, reflecting broader global risk aversion.