$BTC Will the Bitcoin Whale "Dump the Market"? JPMorgan Calms the Market with One Statement

Guys, there's a new twist today about the rumor that the world's largest Bitcoin holding company, Strategy, is about to sell its coins!

As a "whale" holding a massive amount of Bitcoin, if Strategy dumps its coins, it could shake the crypto world in minutes. But yesterday, JPMorgan said directly: as long as it keeps the "enterprise value ÷ Bitcoin holdings" ratio above 1, it won't be forced to sell — right now that number is 1.13, just above the safety line.

How important is this? The crypto market has been crashing lately, Strategy's own stock price has plunged 42% in three months, and its Bitcoin buying pace has slowed to a crawl: last month it only added a bit over 9,000 coins, while the same period last year it bought over 130,000! If it sells now, Bitcoin’s price will probably take another hit.

But don’t panic yet — the company still has $1.4 billion in "reserve cash," so even if Bitcoin’s price keeps dropping, it won’t be starving in the short term. But there’s one risk: if it gets kicked out of the MSCI index, it could lose $8.8 billion instantly. Then, whether that safety cushion is enough is anyone’s guess.

JPMorgan says as long as this ratio stays steady, Bitcoin's market will see less volatility. But here’s the question: how long can Strategy keep that "above 1" safety line? If Bitcoin’s price falls further, will it secretly cut its holdings?

Do you think this "whale" can withstand the pressure this time? Place your bets in the comments: Will it increase or decrease its holdings next? #十二月行情展望