CryptoQuant: Strategy's establishment of USD reserves indicates preparation for a possible bear market

Jinse Finance reported that on-chain analytics firm CryptoQuant stated today that Michael Saylor's bitcoin holding company, Strategy (MSTR), established a $1.44 billion USD reserve fund this week, indicating that the company is preparing for a possible bitcoin bear market. CryptoQuant believes that setting up a 24-month USD buffer marks a "tactical shift" for Strategy, moving from its previous aggressive approach of issuing more shares to buy bitcoin to a more conservative, liquidity-focused strategy. 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 prices may trade between $70,000 and $55,000 next year.