The Forced Exit Problem: How External Financial Pressures Can Liquidate Your Unlevered Bitcoin Holdings Without Warning
Holding Bitcoin in spot without leverage does not guarantee immunity from forced selling. Margin calls on separate accounts, exchange account restrictions, and staking protocol mechanics can all compel traders to exit core positions at the worst possible moment. Understanding how these external pressures interact with your Bitcoin holdings — and how to build structural defenses against them — is a risk management challenge every serious US trader must confront.