Santiment analysts suggest that the recent 65% drop in MicroStrategy's stock since July 16 could signal a bottom for the Bitcoin market. The decline in MSTR shares is attributed to concerns over the company's $58.6 billion Bitcoin holdings and its debt strategy. Despite these worries, Santiment notes that there is no risk of a margin call for MicroStrategy, interpreting the panic as a potential bullish pattern. Additionally, whale activity in the Bitcoin market appears to be stabilizing. The pace of new whale losses has slowed following Bitcoin's recent price pullback, indicating a possible shift in market sentiment.