CryptoQuant: Strategy's establishment of dollar reserves indicates it is preparing for a potential bear market.

According to a report by CryptoQuant, an on-chain analytics firm, Michael Saylor's Bitcoin holding company, Strategy (MSTR), set up a $1.44 billion USD reserve this week, indicating that the company is preparing for a potential Bitcoin bear market.

CryptoQuant believes that establishing a 24-month dollar buffer marks a "tactical shift" for Strategy, moving from its past aggressive strategy of issuing new shares to buy Bitcoin to a more conservative, liquidity-focused approach. This reduces the risk of being forced to sell Bitcoin during market downturns. Julio Moreno, head of research at CryptoQuant, predicts that if the bear market continues, Bitcoin's price could trade between $70,000 and $55,000 next year.