Strategy Inc., dirigée par Michael Saylor, essuie de vives critiques — y compris au sein de la communauté crypto — en raison de sa politique d’achats agressifs de bitcoin. Ki Young Ju, fondateur de la société d’analyses on-chain CryptoQuant, estime que l’entreprise devrait interrompre ses achats massifs de BTC avant que le « risque de puits de liquidité » ne s’aggrave et ne la fragilise, selon une longue publication sur X. Il juge notamment que des achats jugés aléatoires devraient être remplacés par un cadre systématique fondé sur un modèle, alors que certains lui reprochent d’acheter des « sommets locaux ». Cette dynamique, ajoute-t-il, augmenterait le coût moyen d’acquisition et réduirait la valeur du PNL.

Large Bitcoin holders have largely paused new accumulation while mid-sized wallets also show muted buying, according to CryptoQuant. BTC is trading just under $74k as bulls try to defend the $70k support area, after a failed push above the key $80k resistance earlier in May.

Arkham data indicates BlackRock's iShares Bitcoin Trust (IBIT) saw roughly $1.01 billion worth of BTC sold over the last 7 days. The report comes as Bitcoin faces renewed selling pressure after trading above the $80k level earlier this month. The article argues the selling reflects ETF investor outflows rather than discretionary trades by BlackRock.

CryptoQuant says Bitcoin holders are sitting on their highest unrealized profit levels since June 2025, after a sharp rise over the past 30 days. With BTC holding above $80k, the firm warns that widening paper gains can encourage short-term selling, with some observers eyeing a possible pullback toward $70k and others floating downside scenarios as low as $50k.

Former UK Prime Minister Boris Johnson recently wrote in The Daily Mail that he had long feared Bitcoin was a Ponzi scheme and now believes those fears are confirmed. He argued that BTC lacks intrinsic value, relies on the "greater fool" dynamic, and depends on new investors, even suggesting collectibles like Pokémon cards could be superior investments. However, investigations and economists have concluded that Bitcoin does not fit the formal definition of a Ponzi scheme, emphasizing the absence of a central operator and guaranteed returns.

Bitcoin analyst Willy Woo expects the BTC price to recover toward resistance around $80k–$85k after what he describes as an unusually rapid sell-off. He argues that such a rebound would not confirm a long-term market bottom but could instead form a bull trap within a broader bear-range consolidation, while also highlighting quantum computing as a growing risk to Bitcoin's long-term performance and its 12-year trend versus Gold.

According to CryptoQuant, Bitcoin's short-term holders have recently transferred about 27,000 BTC to exchanges as they seek to lock in gains from recent price moves. With BTC hovering near $67,000 after failing to break $70,000, this profit-taking is adding selling pressure even as the broader market remains resilient and realized price sits around $68,000.

An analyst known as Lofty argues that Bitcoin's recent jump above the $70k resistance to around $71k and then $73k resembles a 2022 bull trap pattern that preceded a steep decline. He claims the largest cryptocurrency could retreat to $45k within 12 days, although other observers view such a deep correction as unlikely and note that even a pullback toward $65k could still qualify as a trap.

On February 28, 2026, Bitcoin derivatives sell volume spiked by $1.8 billion within one hour, according to CryptoQuant, following U.S. strikes on Iran. Analyst Sweep warned the conflict could trigger one of the largest BTC supply events, even as spot prices rebounded to around $66.4k and briefly touched $68k earlier yesterday.