The corporate buyer of Bitcoin, Strategy, is facing $3.86 billion in unrealized losses due to the recent decline in Bitcoin's price. The company's aggressive accumulation strategy led by Michael Saylor has drawn both praise and criticism. Bitcoin critic Peter Schiff raised concerns about the impact of Strategy's purchases on Bitcoin's decline and questioned the consequences if they were to sell. Bitcoin has dropped below the price at which Strategy made its recent purchases, making their holdings a potential liability. Technical indicators suggest further decline is possible, which may force Strategy to reconsider its strategy and add more volatility to the market.



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