Expert Warns Strategy May Sell All Bitcoin Holdings by 2025
Bitcoin (BTC) recently faced a price correction following a peak of $123,000. Analysts express optimism about a possible bull run, but concerns arise from potential sell-offs by major holders.
Sell-Off Concerns
- Market expert OxArtikal claims Michael Saylor's Strategy may sell all its Bitcoin holdings by 2025.
- Strategy holds over 628,000 BTC, more than 3% of the total supply.
- A sell-off could impact the market significantly, potentially 30 times more severe than previous events like the FTX collapse.
- Recent wallet transfers of 7,382 BTC valued at nearly $800 million to Coinbase Prime indicate possible selling intentions.
- A small liquidation could trigger a mass sell-off and impact institutional investor confidence in Bitcoin.
Potential Price Drop
- Historical actions by Strategy have led to significant market shifts, raising fears of a repeat scenario.
- A sell-off could drive Bitcoin prices below $70,000, undermining retail investment and long-term confidence.
- Indicators include recent wallet movements and lack of transparency during earnings calls.
- The exit of Strategy from the Bitcoin market could reset trust in Bitcoin as "digital gold."
