$MSTR Look at it from another angle: the underlying security’s reference price is 127.36, with the premium difference at about 3 percentage points. The spot has fallen by more than 7 points, yet the token is up 1.7% over the past 24 hours—this divergence is kind of interesting. But over the last 24 hours, the token’s high was 133 and low was 128.6, and its amplitude is only a bit over 3%, with volume of 53,990 units—not especially aggressive. What I care about more at this level is whether the token can hold the psychological level of 130. The spot is down significantly, but the token is stubbornly not following—either someone laid groundwork in advance, or the distortion is temporary due to thin liquidity. From the chart, the token keeps probing around 131, and neither bulls nor bears have dared to make a heavy move. In stage C of the market, based on experience, this is when fake breakouts are most likely.

Note: bStocks are tokenized products and do not equal holding underlying stocks or shareholder rights.