MarketPR
Bitcoin retreated toward the $60,000 level, with Bloomberg attributing the move to selling pressure tied to Strategy shares and resurfacing interest-rate fears.
The pairing of an equity-linked bitcoin holder under pressure with a hawkish rate narrative is a double headwind $BTC has absorbed before. Neither driver came from the protocol itself — this is a macro trade.
Strategy Shares: The Equity-Crypto Feedback Loop Strategy occupies an unusual position in the market as a publicly traded company whose equity is, in practice, a leveraged expression of bitcoin exposure.
When its shares face selling pressure, the concern is that the underlying bitcoin position could become a source of forced or anticipated liquidation.
Keep reading