Don't rush to catch the bottom; there's only one real signal for that: when Strategy starts buying back in.
Bitcoin has dropped below 70k, hitting a two-month low. On the surface, it looks like the US-Iran conflict, but what really pierced the faith was that measly $2.5 million sell-off from Strategy.
$2.5 million is just a drop in the bucket compared to its billions in holdings. But it carries massive significance—this is the first time Strategy has sold since the end of 2022, breaking the myth of ‘never selling.’
Saylor has said countless times, “Never Sell.” The market has been willing to follow, betting that he would never drop the ball. Now that defense line is gone, and even a symbolic reduction means cracks are forming in the faith.
To make matters worse, ETFs have seen a net outflow for 11 consecutive days, pulling nearly $3.5 billion. Geopolitical panic + faltering faith + capital flight have created a downward spiral.
My judgment is simple: when Strategy starts buying again, that will be the true bottom signal. Until then, Bitcoin is likely to continue its slow bleed.
Don't rush to catch the bottom. Wait for that most steadfast bull to make the first move. #比特币