Old horse signals increased BTC holdings again! Next week may trigger institutional FOMO wave
Updated at dawn, 17th signal released for 2025
Signal breakdown: Triple strategic conspiracy
Interest rate reduction cycle + ETF capital flow
The Federal Reserve's June meeting signaled "two rate cuts this year," combined with a net inflow of **$1.87 billion** for US spot ETFs in one week, the window for institutional entry has opened. Old horse’s update at this time is essentially a **short squeeze**—forcing observing institutions to follow in.
Debt-driven + Market share crushing
As of June 11, MicroStrategy holds **568,800 BTC**, with a cost of **$39.41 billion**, a leverage ratio of **16 times**, and an annual interest expense of **$185 million**. The essence of their strategy is **“sell stocks buy coins”**: through convertible bonds + stock issuance financing, making MSTR into a “Bitcoin ETF alternative,” holding **2.8%** of the circulating supply, aiming to accumulate **210,000 BTC** before 2027.
Data projection: Three major explosive points next week
Increase in holdings: Referring to May's **$1.34 billion** purchase of **13,390 BTC** (average price **$99,856**), this time may exceed **$1.5 billion**, corresponding to approximately **13,000 BTC**;
Financing means: May issue a new series of **zero-coupon bonds** (previous fundraising of **$5.4 billion**) or start **equity pledges**;
Cost support: If the average price exceeds **$70,000**, it will strengthen the narrative of “institutional cost bottom,” helping BTC to challenge the resistance level of **$125,000**.
On the same day, Binance Alpha experienced a flash crash of **ZKJ/KOGE** dual currencies: an 80% drop in 2 hours, **$102 million** in liquidations, and the project party withdrew liquidity + double kill of contracts. This reveals the ultimate split in the coin circle in **2025**:
Every BTC of Old Horse is stained with the blood of scam coin players—when the data is released next week, will you stand with the scythe or become the chives?
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