According to CoinWorld, Michael Saylor publicly responded after CNBC host Jim Cramer accused him of causing the Bitcoin crash. Bitcoin has fallen more than 20% in a week and is currently near $59,000. Cramer tweeted that "Saylor killed Bitcoin," pointing to Saylor's recent Bitcoin sales as being related to the sharp market decline. This comment came after Bitcoin suffered a long liquidation of over $450 million, with prices reaching their lowest point in nearly two years. Saylor responded that the decline was only a "minor injury," stating that the 32 Bitcoins his company sold on Monday represented only a small portion of its holdings. Cramer believes this sale changed investors' perception of a Bitcoin rebound. CryptoQuant CEO Ki Young Ju refuted the view that Saylor was to blame for the Bitcoin drop, arguing that a larger sell-off by long-term holders was the main reason. Citigroup analysts also stated that investors may be focusing too much on Saylor's sale and ignoring the continued outflows from US spot Bitcoin ETFs.