Friends, let me tell you something that may be different from what you think. Everyone thinks Saylor's statement in BTC Prague that 'our company can sell' was a mistake, a slip of the tongue, and a collapsed house. I don't see it that way. On the contrary, I think he is a master. He is taking the initiative to break a foam. Listen to me. How has the market been thriving in recent years? 'Strategy only buys, not sells',' MSTR is the pixiu of BTC ',' Micro strategy is the perpetual driving force of bull market '. This narrative could never have been established forever. Can you tell me that a company with 845000 BTC and a floating loss of $10 billion (Strategy+Bitmine combined) will never sell? Whoever believes is childish. Saylor took the initiative to knock down market expectations by one level this time. Why? Two reasons: Firstly, avoid becoming a single black swan when the market crashes in the future. Saying 'we will sell' in advance, when he really wants to sell 5% or 10% in the future, the market has already desensitized and will no longer 'smash 3.7% to $69300' like it is now. Expectation management is a high-level activity for market makers. Secondly, lay the groundwork for the top of $500K. (This is Bitcoin. com) News reposted @ d_senator's judgment, which I think makes sense: Saylor's goal is not 60000 or 100000, but to maximize the BTC per share by 2033. This KPI determines that he must make the market accept the new normal of 'the company will sell' before reaching the top of $500K, otherwise no one will accept him if he wants to reduce his position at the top. Look at his account book again: Total holdings: 845256 pieces, with a cost of approximately $71k per piece Current price: $63k, with an overall loss of around 10% US dollar reserves: just replenished to 1 billion US dollars BTC Yield: 13.0% → 12.8% (diluted with shareholders) Putting these data together, Saylor is not panicking at all. He is playing the next 7-year big game. What he needs the market to believe is not 'Saylor will never sell', but 'Saylor will sell at the right price and sell clearly'. So friends, don't hang your faith on others' mouths anymore. True faith should be tied to three things: on chain data, debt maturity dates, and macro liquidity. Put these three things out, no one can deceive you. The truly fragile market, not Saylor, is one where the phrase 'I may have to sell' can smash BTC into 3.7% of the market.