Bitcoin Bull Run in Peril? Expert Sounds Alarm Over MicroStrategy's Alleged Sell-Off Strategy
Amidst Bitcoin's recent price correction, following an impressive rally to a record high of $123,000, a prominent crypto expert has issued a stark warning. According to market analyst OxArtikal, MicroStrategy (MSTR), the largest corporate holder of Bitcoin, may be preparing to liquidate all its BTC holdings by 2025, a move that could decisively end the current bullish cycle.
The Looming Threat of a Corporate Giant's Exit
OxArtikal's analysis, shared on social media platform X, alleges that MicroStrategy's CEO Michael Saylor, despite his long-standing "never sell Bitcoin" mantra, is orchestrating a complete divestment. MicroStrategy currently holds over 628,000 BTC, representing more than 3% of Bitcoin's total circulating supply. To put this into perspective, the collapse of FTX, which involved the sale of approximately 20,000 BTC, triggered a significant market downturn. The expert estimates that a full liquidation by MicroStrategy could have an impact 30 times more severe. Compounding these concerns, MicroStrategy quietly transferred 7,382 BTC, valued at nearly $800 million, from its wallets to Coinbase Prime, a sell-side custodian, in late June, without any public announcement or clarification during its Q2 earnings report.
A Pattern of Market-Shaking Moves
Historically, MicroStrategy's major Bitcoin movements have preceded significant market shifts. In 2022, the company transferred 34,000 BTC to secure a loan just before a major market crash. OxArtikal fears a similar scenario is unfolding, suggesting that MicroStrategy's potential liquidation could trigger a mass sell-off, prompting institutional investors to reconsider their Bitcoin allocations. Such an event, if it materializes, could drive Bitcoin's price below $70,000 within days, fundamentally undermining retail confidence and challenging Bitcoin's perception as "digital gold." The lack of transparency surrounding MicroStrategy's recent transfers further fuels speculation about a potential strategic shift in its Bitcoin holdings.
