#BTC
Whenever Bitcoin peaks in its Bull Market in Q4 of the Post-Halving year...
It tends to produce a multi-month Relief Rally from the Macro Triangle Base before breaking down from the Triangle to transition into Bearish Acceleration
This is the 4th consecutive cycle that this historical tendency has continued
And history suggests there's more downside to come
$BTC #Crypto #Bitcoin
🚨BREAKING: Bitcoin just dumped below Michael Saylor’s average buying price with an unrealized loss of $900 million.
Does this mean $MSTR will go bankrupt soon and start selling BTC ? No.
Let’s understand why. 👇
This is not the first time Strategy has seen Bitcoin trade below its average purchase price. In the last cycle, Strategy’s average cost was around $30,000. Bitcoin later dropped to nearly $16,000, more than 45% below their cost.
Despite that, Strategy did not sell any Bitcoin and faced no forced liquidation.
Because Strategy’s Bitcoin is not used as collateral. There are no margin calls tied to Bitcoin’s price. Their debt is primarily unsecured and most maturities are in 2028-2030, not near term. Total debt is roughly $8.24B, while their Bitcoin holdings are still worth $53.54 billion, even at current prices.
And now, Strategy has even set aside 2.5 years of cash runway to cover interest and dividend payments. This means they do not need to sell Bitcoin to meet obligations, even if BTC stays below cost for some time.
This is why we explained this exact scenario in our earlier post, the idea that a short move below average cost triggers forced selling does not match how Strategy’s balance sheet works.
Yes, Saylor has acknowledged that if Bitcoin stays well below cost for a very long period, selling BTC could eventually be considered.
But a short term move below average cost does not change their liquidity, solvency, or ability to hold Bitcoin.
If you want the full breakdown, revisit our earlier analysis 👇
BITCOIN JUST COMPLETED A WYCKOFF ACCUMULATION SPRING.
That’s not an opinion.
That’s structure.
The spring already happened.
Stops flushed.
Weak hands removed.
Now comes the test and after that, the markup phase.
This is the high confidence part of the setup:
– Downside already proven false
– Supply absorbed
– Risk clearly defined
Wyckoff springs don’t signal tops.
They launch trends.
If you’re still bearish here, you’re not early.
You’re uninformed.
The upside phase doesn’t ask for consensus.
It just starts.
This is how the commodity cycle starts - pay attention to the Bitcoin Wyckoff - traders wait for the Spring or enter in this range for long term holders.
”If you don’t have an exit plan, the market will choose the exit price for you.“
“ถ้าคุณ ไม่มีแผนการขาย ที่คิดไว้ล่วงหน้า
ตลาดจะเป็นคน กำหนดราคาที่คุณจำใจต้องขาย แทนคุณเอง”
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