MicroStrategy has also started selling coins, but what really sends chills down my spine isn't the selling itself.

The man who once swore "never sell" has finally relented today. With a bearish signal of this magnitude, Bitcoin didn't even crash—it's still holding tough around the $60K mark. Sounds like good news? Wrong. That's precisely the scariest part—not that the bearish news has been digested, but that there are hardly any people left in this market to be scared. The money has fled, and so have the people. Let me tell you straight up: for crypto to stage a decent rebound in the second half of the year, it's tough—very tough. I myself am now shifting my focus to US stock futures and prediction markets.

Okay, here's the deal.
Yesterday, MicroStrategy launched a "Digital Credit Capital Framework," which in plain English means: they can now sell Bitcoin. What for? To get liquidity, pay interest over the next 12 months, issue dividends, and keep the company running. The framework breaks down into a few parts: replenishing USD reserves, raising the preferred stock dividend from 11.5% to 12%, stock buybacks, plus a Bitcoin monetization plan—they can sell up to $1.25 billion worth of coins.

When the news hit, their stock rose about 12%. But brothers, don't be fooled by that 12%.
How did analysts used to describe MicroStrategy? "A Bitcoin vault that only buys, never sells." Now? It's turning into a trading company. What's behind this shift? Real survival pressure in a bear market. In short, they're raising funds and extending their runway first, partially dismantling this grand Bitcoin chess game to ease the pressure, so they don't get forced into liquidation one day and collapse right in front of you.

Hearing this, you must be thinking: "Isn't this a massive bearish signal? Even the most steadfast believer has started selling."
It is bearish. But Bitcoin didn't crash. It just stayed flat around $60K, acting like nothing happened. I stared at that chart for a long time, and the more I looked, the colder I felt.

Let me twist the knife further: besides MicroStrategy, institutional spot ETFs have seen net outflows for seven consecutive weeks. This isn't a one- or two-day thing—institutions have been queuing to exit for over a month. On one hand, the leading figure is loosening his grip and selling coins; on the other, institutions are collectively retreating. With these two signals combined, who do you expect to step in and catch the falling knife? Retail investors? They've already been burned badly—including me.

So where did the money go? Where did the attention go?
Just open an exchange and you'll see. The screens are full of promotions for World Cup predictions and US stock trading pairs, pushed with full force. Sports betting is no smaller than crypto—in fact, more people believe they can make money from betting than from virtual currencies. Add in US stock futures, and both capital and attention are being siphoned away by these things. What about crypto? Opportunities are dwindling; neither capital nor attention is on our side anymore.

That's the real picture right now, brothers. Not that crypto is dead, but that it's temporarily been sidelined by this market, neglected.

I'm not going to feed you motivational bull. Right now is a very tough period. #Strategy拟回购股票涨超12%