Forced liquidation

If MicroStrategy is forced to sell at least part of its 400,000+ BTC, it will create a supply surplus that the market cannot absorb.

Domino effect: Seeing that the 'main bull' has surrendered, spot ETFs (BlackRock, Fidelity) will face record outflows. A panic flight will begin.

Void in the order book: On the way from $50,000 to $20,000, there are almost no major support levels. A liquidation of such magnitude will 'pierce' the market back to 2020 levels in just a few weeks.