In the crypto assets market, both rises and falls actually have opportunities to make money.

Why have Bitcoin and Ethereum generally fallen recently?
The direct reason is that the US SEC and FINRA are investigating more than 200 listed companies that use the "Crypto Assets treasury strategy," focusing on whether they are involved in abnormal trading. Most of these companies are mimicking the asset allocation model of MicroStrategy.

What exactly is MicroStrategy's model?
In simple terms, it is a "pipeline financing" (Pipe financing): companies invest a large portion of their own cash and funds obtained through financing in Bitcoin as a core reserve asset for the long term. This model essentially provides investors with a leveraged, indirect way to invest in Bitcoin.

Its advantages are:

· Fast financing speed, low cost;
· It is usually offered at a discount to attract institutional participation;
· Public companies can quickly raise funds, and institutions can build large positions at low prices.

But now Wall Street is starting to be wary of overheating market sentiment and intensified competition. Once the prices of Crypto Assets fall → the stock prices of treasury companies come under pressure → they may be forced to sell Crypto Assets → further dragging down coin prices and stock prices, creating a negative cycle.

The risk points are very clear: the fall in coin prices and the weak performance of the company's stock may reinforce each other, leading to a "spiral decline."

What is the conclusion?

· For treasury companies: Crypto Assets heat is rising, and stock prices are expected to rebound;
· For the Crypto Assets market: whether it's a rise or a fall, there are always people finding opportunities to make money.