Despite the recent Bitcoin (BTC) price correction after a significant rally that propelled the cryptocurrency to a record high of $123,000, some analysts remain optimistic about the potential for a renewed bull run. However, one expert has raised a concerning warning that could signal the end of this bullish cycle.<\/p>\n
According <\/a>to market expert OxArtikal\u2019s thesis shared on social media platform X (formerly Twitter), Michael Saylor\u2019s Strategy (previously MicroStrategy), the largest corporate holder of Bitcoin, is reportedly planning to sell all of its Bitcoin holdings by 2025.\u00a0<\/p>\n This revelation comes amid movements of their substantial Bitcoin reserves to different wallets, raising alarms about the potential implications for the market.<\/p>\n Strategy currently controls over 628,000 BTC, representing more than 3% of Bitcoin\u2019s total circulating supply. For context, the collapse of FTX<\/a>, which held approximately 20,000 BTC, triggered a significant downturn in the market.\u00a0<\/p>\n The expert believes that the potential sale of Strategy\u2019s Bitcoin holdings could have a dramatically larger impact, estimated to be 30 times more severe.<\/p>\n Notably, Saylor has long maintained that Strategy would never sell its Bitcoin. However, the expert identified that in late June, the company quietly transferred 7,382 BTC<\/a>\u2014valued at nearly $800 million\u2014out of its wallets and into three new wallets with no prior transaction history.\u00a0<\/p>\n This Bitcoin was subsequently sent to Coinbase Prime, a sell-side custodian, without any public announcement or clarification during the company\u2019s Q2 earnings report.\u00a0<\/p>\n If Strategy were to liquidate even a small portion of its holdings, the psychological ramifications could be profound, OxArtikal further stated. He shared that this could lead to a mass sell-off, while institutional investors could reconsider their BTC allocations.\u00a0<\/p>\n Historically, Strategy\u2019s actions have coincided with significant market shifts. In 2022, the company transferred 34,000 BTC to secure a loan, shortly before a major market crash<\/a>. Now, as they appear to be moving substantial amounts of Bitcoin again, the expert fears that a similar scenario could unfold.\u00a0<\/p>\n OxArtikal asserts that sell-off by Strategy could potentially drive the price below $70,000 within days, undermining the retail comeback and deterring new investors who view Bitcoin as a long-term safe haven.<\/p>\nBitcoin Could Crash Below $70,000\u00a0<\/h2>\n