Cryptoquant CEO Ki Young Ju has warned that BTC’s biggest threat is not a crash but “boredom,” arguing a years-long sideways grind would expose the danger in Michael Saylor’s STRC preferred-stock machine. Key TakeawaysCryptoquant’s Ki Young Ju says a prolonged sideways market, not a crash, is the real risk to Strategy’s STRC structure.STRC, an 11.5%-dividend preferred stock built to trade near $100, slid toward $85 as bitcoin hovered around $64,000 throughout June.Strategy holds more than 846,000 BTC and has used STRC proceeds to fund roughly 77,000 BTC of its 2026 purchases.