Crypto Treasury Activity Driving Down Bitcoin Prices

A new perspective from Columbia Business School adjunct professor Omid Malekan suggests that the recent slump in Bitcoin’s price is not solely due to external factors like trade tensions or market volatility. Instead, he highlights a hidden driver: crypto treasuries – firms that invest in digital assets using borrowed funds and leveraged strategies. 📊 Malekan argues that this trend of excessive fundraising has become a major force behind the price decline.