Foreign media reports that following Bitcoin's recent pullback, market liquidations have rapidly increased. Strategy founder Michael Saylor's "₿ack to Work" message on social media has reignited discussions surrounding the company's Bitcoin strategy.

The scale of liquidation has expanded.

According to Coinglass data, the crypto market saw over $1.68 billion in liquidations over the past day, involving approximately 264,000 traders. Of this, $792 million was related to Bitcoin liquidations, impacting both short and long positions, but leveraged long positions suffered the most significant losses.

Strategy positions are under pressure.

The article states that Strategy currently holds 843,706 bitcoins, with a paper loss exceeding $7.18 billion. Previously, the company sold 32 bitcoins to pay dividends and conducted a $1.5 billion debt buyback, reducing its cash reserves to approximately $871 million.

The market is still watching for further developments.

Foreign media believe that the sale of 32 bitcoins is a small amount and insufficient to indicate that Strategy has changed its long-term holding strategy. The market is more concerned about whether the company can first stabilize its debt and dividend pressures before resuming its original buying pace.