Bitcoin: the price collapses, but the whales buy. The MicroStrategy case

There are less than 35 days left until the Bitcoin halving and while many are wondering if they will witness a new "sell on news", i.e.
a brutal collapse in the price of BTC following the news of the halving, some world-famous holders, as well as whales in the cryptocurrency ocean, they do not intend to abandon ship and decide to take advantage of this stock market correction to accumulate new positions.
This is Michael Saylor, head of the MicroStrategy company.
What could this move mean? Why the price of Bitcoin (BTC/USD) is falling The price of BTC/USD has collapsed by as much as 12.26% in the last 5 days, significantly scaring the cryptocurrency investing public.
The Fear & Greed Index, the market sentiment indicator proposed by CMC, fell close to 80, just above the "greed" territory, highlighting a sharp decline in operators' euphoria.
Enthusiasm gradually waned with the downward breakdown of technical levels considered by many analysts to be "unassailable".
This refers to the $65,000 threshold.
Now the price of BTC/USD is close to the $62,000 threshold and many are wondering whether or not this could be the "dip", i.e.
the market minimum.
Looking at the graph, there are no particular technical rocks to cling to, other than the support of $60,000, a round figure (therefore with a strong psychological impact) and relevant from a volumetric point of view.
The price has often persisted at this level in recent months, making it a point of particular interest for traders.
Similarly, on the futures (derivatives) market, there is a strong interest on the part of the demand in buying at that level, making it a possible candidate for the role of POC (point of control) for the price action of BTC/USD, i.e.
a level at which many orders will be traded (high trading volumes).
Do whales still eat small fish? While the "small fish", usually identified as retail investors, sell their positions in the desire to take the profits of recent months, some whales have also chosen to buy.
To be more precise, in the face of a mass liquidation exceeding $500 million and a record outflow from spot ETFs, as in the case of GBTC Grayscale which recorded record daily outflows of $642.5 million, other realities exist who have chosen to enter the market: this is the renowned company MicroStrategy, led by the much-loved Michael Saylor.
The company purchased an additional 9,245 bitcoins, bringing the number of bitcoins in holdings to 214,246.
This generated discontent among MSTR stock investors and the shares fell 13.7%, while trading volume skyrocketed, reaching $8 billion, even surpassing the trading volume on Amazon stock.