DWF Labs founder warns crypto-accumulating firms could trigger historic crash

Andrei Grachev, founder of crypto market maker DWF Labs, has warned that publicly listed companies strategically accumulating cryptocurrencies, such as MicroStrategy (MSTR) and Bitmine (BMNR), could trigger the largest crash in the market's history, BeInCrypto reported. Grachev stated that while he hopes such a scenario does not materialize, traders should review their strategies to prepare for a potential drop in BTC to the $10,000–$20,000 range. He pointed out that MicroStrategy holds over 843,000 BTC with an unrealized loss exceeding $13 billion, while Bitmine holds 5.28 million ETH with a loss of more than $10 billion. If either company faces funding pressure and begins to sell its holdings, both BTC and ETH could plummet, he added. Grachev also noted that a challenging macroeconomic backdrop, including ETF outflows and fading hopes for interest rate cuts, is further dampening investor sentiment.