Raoul Pal Links '1011' Event to CEX Inventory Sales, Eyes $140,000 Bitcoin After February

Raoul Pal said on Feb. 1 that his global liquidity model implies Bitcoin near $140,000, but an event he calls '1011' has left crypto lagging stocks and gold, BlockBeats reports. He described a Trump tariff shock that triggered leveraged liquidations; at the peak, the Binance API briefly interrupted, restricting professional market makers, with top CEXs absorbing positions on their balance sheets and later algorithmically selling around U.S. equity market open, estimating inventories possibly around $10 billion. Pal expects the sell pressure to be largely digested by end-February and said Bitcoin could quickly catch up toward $140,000; he also argued Strategy debt risk is manageable and that Saylor used debt and equity issuance to clean up the balance sheet.