Bitcoin (BTC) skyrockets 8x after Strategy's sale... will it hit again this time?

▲ Strategy (MSTR), Bitcoin (BTC)/AI generated image

It has once again drawn attention that the asset price of Bitcoin (BTC) skyrocketed 8 times since Michael Saylor, Chairman of Strategy, last sold Bitcoin in the past.

According to the cryptocurrency specialized media The Crypto Basic on July 7 (local time), Chairman Saylor's past trading records, one of the largest Bitcoin whales, are drawing attention as a strong leading indicator implying an explosive future market rally. On-chain data analysis revealed that the last time Chairman Saylor disposed of virtual assets, either personally or corporately, was at a critical bottom just before a major bull market arrived. The FOMO market, which began by overturning market skepticism at the time, saw Bitcoin's price surge more than 8 times in just a few months.

The large-scale rally that occurred immediately after Chairman Saylor's past sale was not merely a coincidence but worked in conjunction with the peak of market liquidity, according to analysis. At that time, as selling pressure completely subsided and macroeconomic easing measures continued, funds from global institutional investors rapidly flowed into the market. This combination of supply shortage and demand explosion acted as a key driving force that caused Bitcoin's value to skyrocket. The fund flow pattern at that time is evaluated as being very similar to the current situation of the cryptocurrency market, which is experiencing a tedious sideways trend.

Currently, Strategy's Bitcoin asset size and financial structure are much more robust compared to previous boom periods. Chairman Saylor has been aggressively accumulating additional Bitcoin through debt financing and stock issuance in recent months and is adhering to a strict 'HODL' strategy despite short-term market volatility. On-chain experts, analyzing Chairman Saylor's wallet movements and trading history, diagnose that indicators of liquidity supply and exchange outflows at the time the past 8x rally began are showing signs of being reproduced once again.

Tension is rising among investors worldwide as to whether the actions of cryptocurrency giants and the historical patterns of on-chain data will apply to this cycle as well. Despite macroeconomic uncertainties and regulatory pressure, Bitcoin's status as a long-term store of value is becoming even stronger. If history repeats itself, the current sluggish trend could be the final stage of accumulating energy for an additional surge of tens of thousands of dollars in the future, a diagnosis that is gaining traction.

[Article Key Summary]

-The history of Bitcoin's price skyrocketing 8 times after Chairman Michael Saylor last sold it in the past is being re-examined, raising market expectations.

-The past rally occurred due to a combination of selling pressure calming down and institutional capital inflow, and the current market environment and on-chain indicators are also similar to the precursors of that past surge.

-Strategy has continued aggressive Bitcoin accumulation until recently, and experts are focusing on the possibility of a recurrence of the historical supply shortage pattern.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*