Late entrants into corporate Bitcoin accumulation face less favorable financing terms, increasing their risk of liquidation during price dips, which could trigger a broader market downturn or bear market.
"The risk here, of course, is that the later these companies are into the game, the worse the terms will be for financing this hoarding of BTC. And this means they're naturally more at risk of liquidating their holdings if Bitcoin's price takes a dip. And this could cause a knock-on effect that drives prices down further and could even cause enough panic to spark the next bare market."