Polymarket's prediction that Strategy will sell Bitcoin by the end of the year has surged from 12% to 49%.

Michael Saylor has tentatively spoken out for the first time, suggesting he might sell coins to pay dividends.
This is not just a decision by a single company, but a structural loosening of the core bullish belief in the crypto market.
Strategy holds about 500k BTC; if they start to reduce holdings, it will fundamentally change supply and demand expectations.
Saylor's logic is "to desensitize the market," but market interpretation often is "better to run first."
Derivatives markets have already shown signs of abnormality: Bitcoin funding rates have turned negative, yet whales are going long on Hyperliquid, and the bulls and bears are entering a fragile zone.
The broader background includes: mining companies transitioning to AI, ETF capital inflows slowing, and rising macro rate hike expectations.
Bitcoin's market share has broken through 61%, but what supports it is no longer consensus, but risk-averse inertia amid liquidity contraction.
The risk is: if Strategy really starts selling coins, can the market absorb it?
Currently, Bitcoin's average daily trading volume is about $20 billion, and 500k BTC at $80k each amounts to $500k—it's not a one-time dump, but the psychological impact could trigger a chain reaction.
(Not investment advice)
$btc #hype