$BTC ๐จ โผ๏ธHey guys, community, THIS WAS NOT A NORMAL DIP
Bitcoin dropped to $59,000, and the real reason is going almost unnoticed.
Michael Saylor sold 32 BTC.
Most are downplaying it, saying "it's just crumbs," but theyโre looking at the tree and not seeing the forest.
Saylor doesnโt want to sell. Heโs trapped in a debt spiral.
His strategy was clear and aggressive:
๐ Raise billions through STRC, with a promised stock anchor at $100.
๐ Offer juicy dividends of 11.5%.
๐ Use all that cash for relentless buying
#Bitcoin. Now the house of cards is falling.
STRC dropped to $90, and Bitcoin is paying for the broken dishes.
MicroStrategy has to cough up $1.7 billion a year just for dividends. Their operational business isnโt even close to generating that amount.
To keep the stock price up and avoid bankruptcy, they have only two options left: dilute shares with new issuancesโฆ or sell Bitcoin.
He just chose the second option. The guy who kept saying "I will never sell my BTC" is now forced to sell. And thatโs where a serious problem starts.
The more Bitcoin drops, the more their massive reserve devalues. But the debt for dividends remains constant and relentless.
๐ Lower BTC price โก๏ธ more bitcoins they need to sell.
๐ The more bitcoins they sell โก๏ธ the more the price drops.
The machine of relentless buying has turned into a forced seller.
I already warned about resistance at $83K and Saylor's next sell-off.
Just like so many other things I predicted in this previous cycle that came true.
The next signal I give will be the most important in this entire cycle.