Standard Chartered: The current surge in Bitcoin holdings by enterprises has increased buying pressure, but there may be potential liquidation risks

ChainCatcher Standard Chartered Bank analyst Geoff Kendrick stated that the rapidly spreading corporate Bitcoin financial strategies are currently increasing the buying pressure for Bitcoin, but they also pose a risk of liquidation if prices drop significantly.

Analysis suggests that 61 Bitcoin companies currently hold 3.2% of the total cryptocurrency supply in bonds, and if the Bitcoin price is more than 22% lower than the average purchase price of these companies, it could lead to liquidation.