Santiment Founder: The Liquidation of Strategy Will Be the Biggest Bull Market Catalyst for Bitcoin

According to Cointelegraph, Maksim Balashevich, the founder of Santiment, stated in an interview that the biggest catalyst for a Bitcoin market bull run might require the liquidation of Strategy, owned by Michael Saylor. He believes that extreme negative events, like the FTX collapse, often signal the formation of a market bottom, and if Strategy, a giant holding approximately 772,000 Bitcoins (about 3.7% of the total Bitcoin supply), were to encounter difficulties, it would release a strong bottoming signal.

Although Strategy's debt maturity dates are mainly concentrated between the end of 2027 and 2032, there is no urgent selling pressure in the short term. However, Balashevich speculated that if the market continues to deteriorate, shareholder pressure might force the company to adjust its holdings.