(The $8.2 billion gallows: Who is hunting MicroStrategy? Analyzing a Bitcoin 'dismemberment plan' spanning Wall Street and the Middle East, along with a survival guide for retail investors)
1. Power map: Who is watching the 710,000 Bitcoins?
We must understand the market; first, we need to clarify the 'reality and illusion' of the chips:
Major players (BlackRock, ETFs, MicroStrategy): Their interest lies in 'order.' BlackRock is both a guardian and a potential harvester.
In-depth consideration: BlackRock cannot directly crash the market, as this would destroy its IBIT commercial credit. However, it will 'stand by and watch,' waiting for MicroStrategy to bleed excessively, and then acquire the chips at a discounted price as a 'white knight.'
Dark Hands (Hedge Funds, Top OGs, Hidden Sovereign Capital): Their interest lies in 'volatility' and 'de-dollarization'.
In-depth Consideration: They utilize 50% of invisible chips for parasitic hunting. They do not expose themselves to avoid touching SEC regulations but instead establish massive short positions through anonymous addresses on high-performance DEX like Hyperliquid, using micro strategy's interest pressure for chronic liquidation.
II. The Deadly Matryoshka: Micro Strategy's 'Achilles' Heel'
Cost and Interest Strangulation: A cost threshold of $76,000, paired with an annual cash flow gap of $800 million.
Self-rescue and Dilemma:
Feasible Path: Transforming into a 'Computing Power Company', using BTC collateral to exchange for AI energy profits (this is the only logical reason for Middle Eastern capital to enter).
Dead End: Issuing tokens. In 2026, any listed company's illegal token issuance bypassing regulations will directly trigger a judicial strike from the U.S. government.
III. Yili Hua and Others: Institutions' 'Golden Cicada's Shedding Shell' and Retail Investors' Tears
Reverse Harvesting: Exposing the desperate sprint of institutions like Yili Hua (LD Capital) — openly shouting for support while secretly laying short positions on DEX. When longs are liquidated, the profits made from private shorts have already completed asset transfers, leaving only a company shell that cannot pay its debts.
IV. Retail Investors' 'Dimensionality Reduction Strike': Hyperliquid (HLP) Practical Strategy
In this giant game of chess, the only way for retail investors to survive is to 'break away from centralized links'. By utilizing Hyperliquid, you can achieve the following three layers of defense:
Asset Sovereignty (Self-holding Private Keys):
Abandon the meager investment interest from centralized exchanges (CEX). On Hype, assets are always in your MetaMask wallet, and no one can use your coins as bullets for hunting micro strategies.
Scavenger Tactics (Limit Order Ambush):
Keep an eye on the 'liquidation spike point' below ETH $2,000 and BTC $55,000.
Practical Operation: Pre-place staggered buy orders in the Hype spot trading pairs. These positions are the 'blood chips' that institutions are forced to liquidate. As soon as you receive the spot, you are in an invincible position.
Utilizing 'Rate Arbitrage' (HLP Strategy):
When dark hands frantically short micro strategies lead to extremely high funding rates, ordinary retail investors can participate in the internal HLP mining pool of Hyperliquid.
Logic: This strategy essentially profits from the fees 'shorts pay to longs', and as Hype's algorithm smooths out unilateral risks, you can steadily accumulate the original principal at zero cost amidst the peaks of the giants' game.
V. Conclusion: Persist until the moment the dealer nets the catch.
In this marathon, you do not need to outrun BlackRock; you only need to survive longer than micro strategies.
Logic: The dealer does not need to focus on the small chips in your hand; what they want is the heavy institutional group that goes down with the net. When all leveraged players are completely liquidated, the time cost will force the dealer to start lifting prices.
Ultimate Formula: Spot + Cold Wallet + Hyperliquid Interaction Yield = The final winner of 2026.