BTC has been falling for 4 days in a row, approaching $60k.

Strategy's preferred stock, STRC, has even broken below its $100 face value, dropping to $82 at one point during trading!
The once "Bitcoin printing machine" is undergoing the most severe stress test.
The de-pegging of STRC means the financing channels for buying coins are blocked, coupled with small amounts of coin sales used to pay dividends, and the market is watching to see if it will trigger a "death spiral."
But don't rush to call a collapse! Let's look at on-chain data:
Average daily trading volume has surpassed 800k transactions, reaching a new high since late 2024!
80% of trades are below 0.01 BTC, with data protocols like Runes and Ordinals rapidly occupying block space!
Memory pool backlog has reached 128k transactions, with network congestion hitting a 16-month high!
What does this mean? It indicates that the underlying "pipes" are intact, and demand at the application layer is still exploding!
This looks more like a deep washout during a bull market cycle.
The game between faith and leverage has reached a critical moment—can the $60k strong bottom hold?
Do you think Strategy will withstand or be forced to sell off?
#比特币 #BTC #MicroStrategy #STRC #加密货币 #Web3