$BTC Standard Chartered says corporate demand for Bitcoin is about to make it crashStandard Chartered's recent report warns that corporate demand for Bitcoin might lead to a crash due to potential selling pressure. Here's why ¹:

- *Corporate buyers are vulnerable*: Many new corporate buyers purchased Bitcoin at high prices, and if the market takes a hit, they might dump their coins fast. According to Standard Chartered's analyst Geoff Kendrick, if Bitcoin's price drops below $90,000, half of these companies would be underwater, and a 22% drop from their average buy-in price could force them to sell.

- *Risk of forced selling*: Companies that recently joined the crypto frenzy are loading up at high prices, and if the market declines, they might not withstand the losses. Unlike MicroStrategy, which bought Bitcoin at lower levels and has been holding onto it, newer entrants might not survive a similar drop.