Why This Analyst Thinks Bitcoin Could Soar Past $120K
James Check, known for his on-chain market insights, believes that growing investor appetite for newly launched equity tools tied to Michael Saylor’s firm, Strategy, may be an early warning sign of what’s coming.
Saylor’s company—formerly MicroStrategy—has amassed nearly 600,000 BTC, making it one of the biggest corporate holders. Their aggressive Bitcoin acquisition strategy, including the use of preferred stock to raise funds, has sparked renewed market interest.
According to Check, these kinds of financial products tend to appear just before major rallies, and he sees a pattern forming. On-chain data also shows rising stablecoin inflows and growing short interest in futures markets—conditions that could trigger a rapid price squeeze.
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