A prominent analyst is identifying several catalysts that could lead to an even sharper sell-off on () when the standard around $ 20,000.

In one new strategy session, an analyst at InvestAnswers told his 441,000 YouTube subscribers that the price could fall further if MicroStrategy CEO Michael Saylor decides to sell off holdings of the company.

He added that the potential collapse of () and recent troubles at hedge funds Three Arrows Capital could contribute to the sell-off BTC.

“The catalyst for the price to drop to $ 10,000 was when Michael Saylor sold do call margin, and FUD from , which I've been talking about for over a year now.

Three Arrows Capital is in liquidation. They used to have total assets of up to 18 billion USD. Now apparently they only have $2.4 billion, so that would wipe out a lot of crypto…

Three Arrows Capital owns a lot of cryptocurrencies like , , …. Maybe that could cause a big crash, a bad sign for the market.

In addition, there are also some other catalysts such as a nuclear war and sell holdings BTC their".

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However, the analyst says that three events could increase the price of Bitcoin.

“On the Catalyst for BTC Reversal: A BTC Fund” spot pending approval in the US, that might help. A big company buys Bitcoin and puts it on the balance sheet, the right time to buy into the treasury and possibly a new sovereign nation.”

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