Corporate Bitcoin Purchases by “Zombie Companies” as a Market Signal
Checkonchain founder Checkmatey previously identified corporate Bitcoin purchases by “zombie companies” as a potential top signal for Bitcoin markets.
GameStop’s Move Towards Bitcoin
- Checkmatey predicted that firms like GameStop adding Bitcoin to their treasury reserves could indicate market exhaustion.
- GameStop recently announced such a move, aligning with the speculative enthusiasm preceding Bitcoin cycle peaks.
Warning Signs from Market Commentators
Market commentator CryptoVizArt shared a prediction drawing parallels with MicroStrategy’s role, warning of a potential bear market as early as Q2 2025.
- CryptoVizArt cautioned that companies like MicroStrategy could trigger severe selling pressure reminiscent of past collapses.
Bitcoin Cycle Patterns and Market Outlook
Historically, Bitcoin tends to peak around 540 days after halving events, placing the anticipated cycle top around September or October 2025.
Market Trajectory and Potential Vulnerabilities
- The earlier-than-expected peak in January raises questions about the current market trajectory and the impact of corporate Bitcoin accumulation.
- Bitwise CIO suggested that the 4-year cycle for Bitcoin may be over, potentially leading to an earlier-than-expected bear market and market top.
