Bitwise advisor: The sell-off in bitcoin is not due to strategy, but because funds are shifting to hot targets such as SpaceX and Anthropic.
BlockBeats news, on June 4, Bitwise advisor Jeff Park posted on social media stating that he does not believe the sell-off of Bitcoin was due to Strategy (MSTR) selling Bitcoin.
Jeff Park believes that Bitcoin is more likely being used to provide liquidity for upcoming trending trades in the market, such as SpaceX, Anthropic, and other assets that investors suddenly "must hold." This suggests that the breaking of these correlations in the future will itself become a new driving force.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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