Recent Market Analysis for the Last 2 Days
On December 24th, BTC hovered around 94,000, and in the last week, ETFs have been flowing out.
MicroStrategy bought more than 5,000 coins, marking the least amount of accumulation in recent months.
Then BTC suddenly surged, aiming for 100,000. Why is that?...
The main reason is that MicroStrategy announced plans to increase financing for purchasing BTC...
There are still hundreds of billions of dollars in dry powder available.
At the same time, with Christmas approaching, ETH is not opening.
Let's analyze the logic: normal people trading cryptocurrencies hope to buy low and sell high...
When someone loudly declares, "I want to buy in," it leads to a price increase, while the buying momentum is the weakest...
What does this indicate? Smart people can understand it at a glance...
MicroStrategy is like a cornered beast, reminiscent of Grayscale's journey from glory to the abyss.
It is bound to go through a similar process, but the difference is that Grayscale used investors' money and earned management fees.
MicroStrategy's losses, however, are all from the company's own funds.
Its cost has already risen to 63,000.
Holding BTC without selling means not earning a single cent in profit...
It's a certain path to failure.
