Although Bitcoin (BTC) has seen a rapid recovery in recent days, it has experienced consecutive sharp declines in the last two months. While this situation revived bear market rhetoric, it also came to the fore that the biggest institutional Bitcoin bull, Strategy, was selling BTC. Strategy Prepares for Bitcoin Bear Market! While Michael Saylor denied these sales claims, CryptoQuant said that Strategy was preparing for a bear market. CryptoQuant stated that Strategy established a cash reserve of approximately $1.44 billion this week to cover dividends and debt interest, The Block reported. CryptoQuant stated that this cash reserve is a signal that the company is preparing for a bear market, and that this dual reserve model, which includes both the US dollar and Bitcoin, reduces the risk of forced Bitcoin sales during economic recession periods. At this point, CryptoQuant Research Head Julio Moreno emphasized that the Strategy's creation of a US dollar reserve indicates a high probability of sales, but still, the sale would be a last resort and the company would primarily focus on Bitcoin derivatives. Strategy CFO’su Andrew Kang ise, ABD doları rezervinin, mNAV>1 olduğunda oluşturulacak bir likidite risk yönetimi aracı olduğunu; BTC’nin mevcut 93,500 dolar seviyesinde, şirketin faaliyetlerini ve temettülerini 3 yıldan fazla sürdürebileceğini ve BTC satışlarının yalnızca son çare olarak kullanılabileceğini söyledi. The Bear Market Has Already Started! Claiming that the bear market period started in early November, CryptoQuant’s Julio Moreno stated that if the bear market continues, they expect the BTC price to trade in the $70,000-$55,000 range next year. Moreno added that the second figure, $55,000, is the “most bearish scenario.” *This is not investment advice. Continue Reading: Bad News from CryptoQuant! "The Bear Market Has Started in Bitcoin, If It Continues, the Price Could Fall to These Levels!"
Bitwise Exec: Saylor Won't Sell Bitcoins
