The faster the corporate wallet swells, the deeper the bomb is buried! Standard Chartered warns: companies are hoarding Bitcoin like crazy, beware of joy turning to sorrow, taking down the whole market!

Are companies becoming the bag holders? In the past two months, the number of companies announcing that they have put Bitcoin on their balance sheets has doubled! The total is approaching 100,000 coins! These "new funds" have driven up this wave of increase.

Buying at high prices makes one anxious! Unlike early "wealthy" MicroStrategy, which hoarded coins at low prices, the new entrants are basically buying at high positions! Standard Chartered calculates: if the price drops below $90,000, half of the companies will immediately be in the red!

Floating losses turn into cuts, and the market suffers! Analyst Geoff Kendrick hits the nail on the head: how much of a drop can these companies withstand before cutting losses?

MicroStrategy, the old hand: When FTX collapsed, BTC plummeted from $31,000 to $15,500, and they didn't flinch, holding on tight! Why? First, the absolute loss at that time was bearable; second, there was no spot ETF then, MicroStrategy was almost the only channel for traditional large funds to buy coins, having "strategic value."

New retail companies: Now that ETFs are springing up everywhere, large funds find it easy to buy coins, the "strategic significance" of these new companies hoarding coins has greatly diminished! Geoff asserts: new players can't withstand a halving! If the coin price drops to half of their average buying price, they will definitely cut losses and run!

Personal emotions at peak:

It makes my back feel cold! Companies are now looking at rising coin prices, enjoying unrealized gains on their balance sheets. But if the market trembles, these "large retail investors" will turn floating losses into real losses and run faster than anyone else! Once they sell, it triggers a chain reaction, and small retail investors will be buried even more! MicroStrategy could hold on back then, that was due to favorable timing and conditions; what about the new players now? Their foundation isn't thick enough, their belief isn't deep enough, and ETFs have snatched away the "big daddy" funding, they are definitely a high-risk group!

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