The board of directors of Micro Strategy has authorized the BTC monetization plan, allowing for a maximum fundraising of $1.25 billion through the sale of BTC. The micro strategy has shifted from a belief driven approach of 'never sell' to a risk management driven approach of 'sell when it's time'. The selling limit of $1.25 billion is not intended for clearing positions, but it means that a whale with over 840000 BTC has included "selling" in the official system for the first time. This is a structural narrative twist. For BTC prices, there is a significant short-term psychological impact. But it has set an upper limit of "up to $1.25 billion" and clarified that it can only be sold for three purposes, not for disorderly smashing. As long as extreme situations are not triggered, the actual scale of coin sales can be controlled. The key is the market's fear of the behavior of "micro strategy selling coins" itself, which may have a greater impact than the actual amount sold - once the belief label is torn apart, any subsequent movement will be amplified and interpreted.