benzinga.com
07 July 2026 05:30, UTC
This was followed by a surge in withdrawals, an $8 billion deficit in FTX’s accounts, culminating in a liquidity crisis when FTX suspended user withdrawals, and eventually the exchange’s collapse.
Martinez said the event marked the “final bottom” of the 2022 Bitcoin bear market.
Martinez then suggested that the current situation around Strategy felt “eerily similar.”
4.8 based on 40K reviews in the App Store and Google Play
“I am not saying Strategy is FTX. My point is about market psychology,” Martinez added. “Rumors create doubt. Doubt creates selling. Selling exposes vulnerabilities.”
They argued that these dynamics could mark a bottom for Bitcoin, as it happened in the fall of 2022.
Longtime Bitcoin critic Peter Schiff said that , and would need to sell a "lot more" of its $BTC holdings to preserve dollar reserves amid the ongoing slump.
As of this writing, the firm’s paper losses on its $BTC stash have ballooned to over $10 billion.
Price Action: At the time of writing, $BTC was exchanging hands at $63,154.85, down 0.03% over the last 24 hours, according to data from Benzinga Pro.
Strategy shares were up 1.03% in after-hours trading after closing at $100.77 during Monday’s regular trading session.
Benzinga’s Edge Stock Rankings indicate that MSTR has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.
Photo Courtesy: Lev Radin on Shutterstock.com
