MicroStrategy in Big Trouble? As Bitcoin Price 10% Away From Liquidation Threat 

The post MicroStrategy in Big Trouble? As Bitcoin Price 10% Away From Liquidation Threat  appeared first on Coinpedia Fintech News

Bitcoin’s recent price swings have always been a hot topic, and this time, all eyes are on MicroStrategy and its co-founder, Michael Saylor. With Bitcoin slipping below $75,000, concerns are growing that MicroStrategy might be forced to sell its massive Bitcoin holdings to avoid liquidation. 

Prominent crypto trader Doctor Profit has sent a bold message to Saylor, suggesting that he could be the market’s next big victim.

MicroStrategy Liquidation Crisis Ahead?

MicroStrategy is one of the biggest institutional holders of Bitcoin, having accumulated over 528,185 BTC at a value of $40.94 billion till now. 

According to Doctor Profit, Bitcoin is now only 10% above MicroStrategy’s average purchase price of $66,384. If the market continues to decline, the company might need to sell BTC to avoid liquidation risks. 

Dear Michael @saylor, you are most likely becoming the next victim of this market. I would start selling as much BTC as I could in your case. Bitcoin is now only 10% above your average BTC entry. Let me predict it straight, MSTR will most likely be sold to avoid liquidation.

— Doctor Profit