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Everyone loves Bitcoin when the biggest buyer keeps buying.
What happens if the biggest buyer has to start selling?
That's the risk nobody wants to talk about.
Market is now pricing two options: either massive MSTR equity selling to raise cash, or pressure building toward indirect Bitcoin sales.
MSTR fell below 100 dollars for the first time since March 2024.
Strategy already sold Bitcoin in May to cover dividend obligations, and its at the market program is paused.
This could be very ugly soon, we are very far from Bulls