Checkonchain founder Checkmatey beforehand recognized company Bitcoin purchases by “zombie firms” as a possible prime sign for Bitcoin markets.
Greater than a 12 months in the past, Checkmatey predicted, albeit partially as a joke, that companies like GameStop “pulling a Saylor” by including Bitcoin to their treasury reserves may point out market exhaustion.
GameStop, broadly thought of a quasi-zombie firm attributable to its inventory valuation pushed largely by meme tradition somewhat than retail fundamentals, not too long ago introduced exactly such a transfer. This company technique aligns with Checkmatey’s previous thesis, highlighting the speculative enthusiasm usually previous Bitcoin cycle peaks.
In reply, market commentator CryptoVizArt shared his prediction from 2024, drawing parallels with MicroStrategy’s position. He asserted that when its “inventory value begins heading south, the following bear market will start, probably approach sooner” than crypto markets anticipate—maybe as early as Q2 2025.
CryptoVizArt additional warned that firms like MicroStrategy, whose valuations are additionally largely decoupled from core enterprise metrics, may set off extreme promoting strain harking back to the Luna collapse.
Nonetheless, in response to previous cycle patterns, we’re nonetheless halfway via Bitcoin’s bull run. Traditionally, Bitcoin tends to peak round 540 days after halving occasions—putting the anticipated cycle prime round September or October 2025.
Nonetheless, the earlier-than-expected peak in January raises questions in regards to the present market trajectory and whether or not company Bitcoin accumulation indicators accelerated maturity or potential vulnerability. Bitwise CIO not too long ago argued that the 4-year cycle for Bitcoin could also be over, which might be confirmed by an earlier-than-expected bear market and market prime.
