On December 23, Strategy (MSTR), a major Bitcoin holder, halted its Bitcoin acquisitions last week, increasing its cash reserves to approximately $2.2 billion to address potential long-term market downside risks. Affected by Bitcoin's pullback and expectations of index exclusion, MSTR's stock price has fallen significantly from its highs, with a projected decline of 43% from its peak by 2025, indicating a clear shift in market sentiment towards defensiveness.
BiyaPay analysts believe that institutions' choice to "hoard cash and reduce risk" reflects the current deleveraging and patient game-playing phase in the crypto market. In the short term, Bitcoin may continue to fluctuate within a high volatility range, with liquidity and the impact of maturing derivatives remaining key factors. For ordinary users, it is more suitable to control positions and operate in batches. In volatile market conditions, BiyaPay supports the flexible allocation of digital assets and diversified assets such as US and Hong Kong stock futures using USDT, helping users maintain fund allocation and risk diversification capabilities in uncertain cycles.
