The business model of Strategy heavily relies on the price performance of Bitcoin and its ability to raise funds. It raises money by issuing stocks and convertible bonds, continuously increasing its Bitcoin holdings, and closely linking the company's value with Bitcoin. This strategy can amplify returns and attract market attention during bull markets, but during market corrections or sideways phases, it may face pressure for debt repayment, questions about equity dilution, and tight cash flow issues. Related articles mention that if Bitcoin prices remain low for an extended period, Strategy may even be forced to sell part of its holdings, which could create additional selling pressure on the market. #BTC走势分析 $BTC