Santiment Founder: The liquidation of Strategy will be the biggest bullish catalyst for Bitcoin

GateNews
BTC-1,27%

PANews February 6 News, according to Cointelegraph, Maksim Balashevich, founder of Santiment, stated in an interview that if the Bitcoin market experiences its biggest bull run catalyst, it may require Michael Saylor’s Strategy to face liquidation. He believes that extreme negative events like the FTX collapse often signal the formation of a market bottom, and as a giant holding approximately 772,000 Bitcoins (about 3.7% of the total Bitcoin supply), Strategy’s potential trouble would send a strong bottoming signal. Although Strategy’s debt maturities are mainly concentrated between the end of 2027 and 2032, with no urgent selling pressure in the short term, Balashevich speculates that if the market continues to deteriorate, shareholder pressure could force the company to adjust its holdings.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

CoinShares: Net inflows of $1.1 billion into digital asset investment products last week, the highest single-week level this year

According to CoinShares’ research report, digital asset investment products recorded a net inflow of $1.1 billion last week, the highest in the year to date. Bitcoin saw inflows of $871 million, Ethereum inflows of $196.5 million, and XRP inflows of $19.3 million, with the U.S. driving the dominant inflows. Overall market risk appetite rebounded, reflecting investor demand.

GateNews27m ago
Comment
0/400
No comments