The analyst discusses the potential for treasury companies, like MicroStrategy, to face liquidation if the market enters a recession-type bear market. He believes Michael Saylor is aware that midterm years can be bearish and acknowledges the need for multiple years of depressed prices for MicroStrategy to be liquidated, unless a drastic 90% drop occurs. The analysis suggests to focus on Bitcoin instead of those companies. He indicates his expectation of a Q4 top followed by a dip about a year later, around 70% drawdown. He expects the BTC dominance will go up the next 2 months but won't continue going up after that so that can mean new ATH. His BTC dominance prediction has a caveat being that it will still be at a higher low around 40-50% if Etherum has already bottomed agains BTC, as the opposite scenario could be a sign to bet on altcoins.