Standard Chartered: The rapid spread of corporate BTC financial strategies has led to increased market buying pressure and potential liquidation risks

Odaily News Standard Chartered Bank analyst Geoff Kendrick said that the rapid spread of corporate Bitcoin financial strategies is currently increasing the buying pressure of Bitcoin, but if the price drops sharply, it will also bring the risk of liquidation. The analysis believes that 61 Bitcoin corporate bonds currently hold 3.2% of the total supply of cryptocurrencies. If the price of Bitcoin is more than 22% lower than the average purchase price of these companies, it may lead to liquidation. (CoinDesk)