Crypto Strategist Warns of up to 80% Bitcoin Correction in Next Bear Market Fueled by Selling of Major BTC Adoption Group
A crypto strategist who nailed the 2022 Bitcoin bottom believes that one major investor cohort will catalyze a brutal bear winter for BTC.
Pseudonymous analyst DonAlt tells his 670,400 followers on the social media platform X that Bitcoin treasury companies will be the source of tremendous selling pressure in the next bear market.
Data from BitcoinTreasuries shows that private and public companies across the globe hold 1,112,904 BTC worth more than $117.445 billion at time of writing.
Says DonAlt,
“Bitcoin treasury companies… will be the reason for the next bear market being as violent as prior bear markets, and no one can convince me otherwise.
Good Ponzi while they’re going though so keep going.”
According to…
