Andrei Grachev, co-founder of DWF Labs, warned on X that corporate heavyweights Strategy (formerly MicroStrategy) and BitMine could trigger the largest crypto market crash in history. He urged investors to consider their strategy if Bitcoin falls to $10,000-$20,000. The warning comes amid fragile market conditions: Bitcoin recently broke below $60,000 with over $1.7 billion in weekly spot ETF outflows and $1 billion in 24-hour liquidations. Grachev highlighted concentration risk—Strategy holds over 843,000 BTC with ~$13 billion in unrealized losses, while BitMine holds 5.28 million ETH with over $10 billion in unrealized losses. If forced selling occurs, it could spiral into a cascading liquidation event. Grachev's core argument: two corporate giants now hold enormous crypto positions, and any financial pressure could amplify weakness across already fragile markets, triggering panic among retail and institutional holders. He does not predict a crash but urges mental preparation for such a scenario.

Key facts

• Grachev warns MicroStrategy and BitMine could trigger largest crypto crash in history.
• Bitcoin recently broke below $60k with $1.7B weekly ETF outflows.
• Strategy holds over 843k BTC with ~$13B unrealized losses.
• BitMine holds 5.28M ETH with over $10B unrealized losses.
• Grachev urges investors to prepare for BTC dropping to $10k-$20k.

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