Key Takeaways
- Samson Mow attributes Bitcoin's drop to short-term market reactions.
- Leverage liquidations wiped out between $500M and $800M in positions.
- Mow sees the Strategic Bitcoin Reserve as a long-term catalyst for adoption.
After President Trump signed the executive order establishing a Strategic Bitcoin Reserve (SBR), many expected Bitcoin’s price to surge.
Instead, the market saw a sharp selloff, with Bitcoin dropping to yearly lows.
Insights from Samson Mow
To explain the reaction, JAN3 CEO Samson Mow shared insights on X, addressing why Bitcoin’s price fell despite this being a historic moment.
Mow outlined several reasons for the market decline, including:
- “Sell the news” reaction – Traders took profits after the announcement.
- Leverage liquidations – Between $500 million and $800 million in leveraged positions were wiped out.
- Weak traditional markets – Broader market declines affected Bitcoin.
- Low liquidity – Weekends created thin order books, amplifying volatility.
- Psychological impact – Fear-driven selling triggered further drops.
Public awareness and market dynamics
Mow emphasized that while Bitcoiners understand the importance of the SBR, the general public is largely unaware.
He wrote:
You have to remember that you are not normal,
Normal people have no idea that the U.S. has a Strategic Bitcoin Reserve, and even if they do, they have no idea what it means.
Unlike ETFs, which immediately created demand, the effects of the SBR will take time to materialize.
Institutions and governments will move slowly before reacting.
Future accumulation plans
Trump’s executive order ensures that the U.S. government will continue accumulating Bitcoin, starting with an estimated 103,500 BTC.
The administration is also exploring budget-neutral strategies to acquire more, with Treasury Secretary Scott Bessent expected to provide details by May 5.
Mow believes that as the U.S. makes its Bitcoin holdings clear and begins accumulation, other countries will follow.
He said:
At JAN3, we’ve talked to so many politicians and governments around the world—I can tell you that they are all waiting for the U.S. to make a move.
Conclusion on the SBR announcement
Mow dismissed fears that the SBR announcement was underwhelming, calling it a “game-changer” that will trigger a global race for Bitcoin accumulation.
Once everything pertaining to the SBR starts to move, it will all move very quickly.
He concluded:
Plan accordingly.
