Bitcoin price drop: MSTR may trigger next crypto crash

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CoinWorld news, as reported by Coinpedia, says that the recent Bitcoin price is approaching $59,000, putting significant pressure on MSTR’s funding model. MSTR recently sold 32 Bitcoins, challenging Michael Saylor’s long-standing “never sell Bitcoin” narrative. The crypto market saw $1 billion in liquidations, with long traders losing nearly $800 million. MSTR’s stock is down about 82% from its peak and recently hit a two-year low of $97, with its market capitalization evaporating by more than $150 billion. This move by MSTR has raised concerns about its “never sell Bitcoin” strategy. According to data from CoinWorld, nearly 176,900 traders were liquidated in the past 24 hours, and the total liquidation amount reached $1 billion. Institutional demand has also weakened: spot Bitcoin ETFs recorded more than $900 million in net outflows this week, indicating that large investors are withdrawing. Market sentiment is fading, liquidity is tightening, and Bitcoin is expected to face further downward pressure. Despite the recent drop, Bitcoin is still about 50% below its all-time high.
BTC-2.81%
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GateUser-2100b43b
· 3h ago
A liquidation of a billion dollars has only just begun—places with high leverage go down fast. Just waiting for a BTC in the 40-something range.
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GateUser-46033407
· 6h ago
MSTR's stock price crashed 82%. What was originally touted as the Bitcoin standard strategy now looks like high-leverage gambling. Institutions fled and retail investors are left holding the bag.
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TheNemesisOfFomo
· 6h ago
$150 billion in market value has evaporated—MicroStrategy is almost turning into MicroStress. Can it still repay its debts?
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StakingSparrow
· 6h ago
Spot ETF outflows hit 900 million over the week—“smart money” is pulling out. If this level can’t hold, 50,000 is likely in sight.
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QuantsAndCats
· 6h ago
Saylor's face must be hurting from that slap. Never sell? His body is being honest.
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