Standard Chartered: The rapid spread of corporate BTC financial strategies has led to increased buying pressure in the market, which may pose potential liquidation risks.
According to Mars Finance, Standard Chartered Bank analyst Geoff Kendrick stated that the rapidly spreading corporate Bitcoin financial strategies are currently increasing the buying pressure for Bitcoin, but a significant price drop could also bring about liquidation risks. The analysis suggests that 61 Bitcoin companies hold a total of 3.2% of the overall supply of Crypto Assets, and if the Bitcoin price is more than 22% below these companies' average bid price, it could lead to liquidation. (CoinDesk)
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Standard Chartered: The rapid spread of corporate BTC financial strategies has led to increased buying pressure in the market, which may pose potential liquidation risks.
According to Mars Finance, Standard Chartered Bank analyst Geoff Kendrick stated that the rapidly spreading corporate Bitcoin financial strategies are currently increasing the buying pressure for Bitcoin, but a significant price drop could also bring about liquidation risks. The analysis suggests that 61 Bitcoin companies hold a total of 3.2% of the overall supply of Crypto Assets, and if the Bitcoin price is more than 22% below these companies' average bid price, it could lead to liquidation. (CoinDesk)