MicroStrategy stock dropped another 6% today, and it really looks like the pressure on the company isn’t over.

My speculation: someone is trying to squeeze Bitcoin out of Saylor — at a discount.

A couple of days ago the CEO publicly said they are “ready to sell,” and I don’t think that line was accidental. Messages like that are usually meant for very specific ears.

If they actually end up selling part (or all) of their BTC stack, the market might not even notice it — OTC deals don’t move the price. Which means the chart may show… nothing at all.

Here’s what the pressure looks like step by step:

· the stock keeps dropping,

· no capital inflow,

· balance-sheet pressure increases,

· room for maneuver shrinks,

· the only liquid option left is selling BTC.

We might be watching exactly that play out.

And I really hope $BTC doesn’t need to crash to 30k for Saylor to capitulate.

The big players building their ETFs may have very different plans — and it feels like we’re starting to see those plans in action.