Strategy bought again while everyone else was selling, and that split matters. 📰
CNBC TV18, via TradingView on 3 November, reports that Strategy resumed its Bitcoin accumulation, purchasing 811 BTC worth 65.5 million dollars, according to Prateek Gupta, Head of Business at Mudrex. 📊 My reading is that this is a conviction buy, not a market call, because Strategy buys through weakness as a treasury policy, while short term traders were cutting risk after the late October selloff. One buyer does not reverse a market, but it does show that not every large holder sees below 77,000 dollars as a reason to panic.
Does the Strategy buy make you more patient below 77,000 dollars, or do you still wait for price to reclaim a level? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinNews
CNBC TV18, via TradingView on 3 November, reports that Strategy resumed its Bitcoin accumulation, purchasing 811 BTC worth 65.5 million dollars, according to Prateek Gupta, Head of Business at Mudrex. 📊 My reading is that this is a conviction buy, not a market call, because Strategy buys through weakness as a treasury policy, while short term traders were cutting risk after the late October selloff. One buyer does not reverse a market, but it does show that not every large holder sees below 77,000 dollars as a reason to panic.
Does the Strategy buy make you more patient below 77,000 dollars, or do you still wait for price to reclaim a level? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinNews
