If Kendrick’s 10x buyback script really plays out, wouldn’t the selling pressure from Strategy’s 32 BTC actually be a “golden pit” trap signal? Let’s believe half of it first.

CryptoWorld News reports that, according to The Block, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that after Bitcoin's recent sharp decline, the "bottom is almost in place," and the current price of about $63k is considered a "buy zone." He mentioned that the US spot Bitcoin ETF holdings have remained relatively stable since February, with no significant redemptions, indicating that funds are becoming more stable. Kendrick predicts that after Strategy sells 32 BTC, there may be a 10x to 100x buyback based on historical patterns, which could signal a phase bottom. He warned that Bitcoin still faces the risk of falling below $60k but recommends buying in batches rather than trying to precisely catch the bottom.