I was teaching my students when I suddenly saw the market drop. I was completely confused. Anyway, it’s good that it dropped—I have a short position at 63820. Later, I found out from news leaks that MicroStrategy sold 3,588 Bitcoins, cashing out 216 million, as shown in the picture below:

It’s normal for MicroStrategy to buy BTC; after all, they also need to pay interest. I’ve already talked about MicroStrategy’s operating logic in a live stream, and I remember writing a dedicated article. Now it mainly depends on how far market sentiment can panic!

Wait for the U.S. stock market to open and see. I expect it will still drop. Looking ahead, MicroStrategy will continue selling coins. At first, the panic will be bigger, but gradually it becomes normalized. Then its impact on BTC will be smaller—just like how the impact of ETF buying and selling has changed from the beginning until now. If you get through the early panic, you don’t need to be overly anxious.
‍$BTC