December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
MICROSTRATEGY FOR THE FIRST TIME ACKNOWLEDGES IT MAY SELL BTC IN AN EMERGENCY SITUATION
🔸 MicroStrategy CEO Phong Le confirmed that they may sell a portion of the 649,870 BTC if faced with an extremely tight financial situation in order to protect shareholders.
🔸 This is in stark contrast to the "never sell" philosophy of Chairman Michael Saylor and shows that previous skepticism about this statement is well-founded.
🔸 CEO Phong Le stated that they will only sell BTC when two conditions occur.
➤ The market value of MicroStrategy is lower than the value of the BTC they are holding (mNAV below 1x).
➤ The company cannot raise additional capital through issuing shares or borrowing.
🔸 MicroStrategy has to pay about 750 to 800 million USD in preferred dividends each year; previously they used issuing shares to pay, but now that the stock price has fallen sharply, this method is harder to implement. MicroStrategy's shares operate similarly to a leveraged Bitcoin ETF.
🔸 This means that the likelihood of MicroStrategy selling BTC randomly is low, but if they are forced to sell, the market at that time is almost certainly in a state of extreme panic, and the selling pressure will make the situation even worse.#DecemberMarketOutlook #ShowMyAlphaPoints $BTC $ETH