According to external sources, Standard Chartered Bank continued to look at Dobitcoin, found the price attractive after returning to the vicinity of $64,000 and maintained its judgement that it would rise to $100,000 by the end of 2026. At the same time, the bank indicated that concerns surrounding the recent sale of bitcoin by Strategy had come more from the market's unsuitability to changes in company representation than from the deterioration of liquidity.

The slag claims that the concern is mainly due to a change in presentation.

Jeffrey Kendrick, Director of Research on Scum Digital Assets, stated that the current market misgivings about Strategy lie not in the apparent financial pressure on the company but in the changing logic of its Bitcoin holdings. In the past, Strategy had long been known for its continued increase in bitcoin; now, companies needed to explain to investors that bitcoin was no longer just a mere build-up of assets, but was also used to support its preferred share product, STRC.

After Strategy had previously sold more than 3,500 bitcoins, some investors began to fear that the company might move from a long-term holder to a continuing seller in the future. Following the completion of the sale, it was reported that Strategy still held 843775 bitcoins and remained one of the largest Bitcoin Treasury companies.

StRC price stabilization is considered key

Kendrick believes that market concerns are concentrated on STRC. The priority stock product, originally designed to be traded around $100 in nominal terms, fell to $71.25 on 26 June, triggering further market questioning of Strategy ' s financing structure.

He said Strategy needs to get the market to accept a new premise: The sale of a part of the bitcoin, if necessary, does not imply a strategic reversal of the company, but rather supports preferential equity obligations by providing the bitcoin with a mortgage asset function. If the investors accept this, the STRC has the opportunity to move back to $100.

According to slag measurements, Strategy currently has about $25.5 billion in cash buffers covering about 17.4 months of STRC dividends. This means that the pressure on companies to continue selling bitcoin may decrease if the price of STRC stabilizes.

Bitcoin bounced and went back 60,000 dollars.

On the market, bitcoin has risen by more than 2 per cent over the past 24 hours, once trying to stay above $64,000, but has encountered resistance near $65,000. In the previous week, Bitcoin had fallen to a low point of approximately $577 million and then rebounded.

CryptoQant data show that bitcoin has rebounded about 11 per cent from that low point and recovered the critical supporting position of $60,000. It added that July was usually a relatively biased month for bitcoin, and that there had been a monthly increase even in the weak market stages of 2018 and 2022.

Demand data also improved compared to early June. CryptoQant states that aggregate demand has returned from a contraction that was close to 650,000 bitcoins at the time to a neutral near, with a small positive futures speculative demand and a slowdown in spot-flushing. U.S. investors demand simultaneous repair, and the Coinbase premium has recovered from a deep negative to -0.062.

However, CriptoQuant still considers the current environment to be fragile. Its Bull Score Index is only 20, and the level that sustains the cattle market usually needs to be above 60. In other words, a short-line rebound has emerged, but the market has yet to emerge from the emptiness.