Strategy reports purchasing another $330 million worth of Bitcoin
Michael Saylor's Strategy bought 4,871 Bitcoin between March 30 and April 5 for $329.9 million at an average purchase price of $67,718.
According to data as of April 5, Strategy holds 766,970 BTC (more than 3% of the total supply), which the company has spent approximately $58.02 billion to acquire since 2020.
The company's average purchase price is about $75,644 per BTC.
The latest batch of Bitcoin was financed largely through the sale of STRK preferred shares and partly through common MSTR shares. #StrategyBTCPurchase
Just got some inspiration after Monday Easter dinner with a friend. He's not an economist either a financial people. He just has an edge in the politic. He told me about such a game theory.. What if Trump's real purpose is not about the nuclear? What if the Trump's real purpose is to intentionally lose the war in Iran? Such a game theory and wild edge of theory from me.. I'll try to explain it here but please don't eat it raw as it's just wild theory for our entertainment when the market closes. It all started with the vision.. We all know that actually the world is now entering the early phase of regime change as the most powerful country in the world is in collapse. Let's assume that Trump is a genius and he knows it all about this scenario of world war which is coming soon.. So that what he can do is to prepare for the war time. He knows that it's impossible for America to be in double digit grow in the economy, he knows that US debt is now very vulnerable and he also know that the petrol dollar status is getting pressure from the BRICS.
So what can the America does? The answer is to control the resource in the world! First, Trump took over Venezuela, the country with the biggest oil reserve in the world. Second, Trump disable strait of Hormuz which also means, destroying the oil producer countries in middle east. Also note that the next Trump's purpose is to take over Canada, which he has been saying this thing on almost every occasions, remember that Canada is the number 4 country with oil reserve in the world with 170 billions barrel! By doing this, we know that all of the top oil producers countries are in the US sides. let's say it he get Venezuela, Canada, Brazil, and Unites States itself is becoming the country with the most oil reserve. Now look at the biggest oil importers which included China, EU, and Japan. These countries are the countries which will be hit hard with the declining world's oil production. Also in note that all of those countries are also the biggest holders of the US treasury! So, right now you get the point? From this perspective, I think Trump wants a longer time duration of this war so that Hormuz can be closed permanently and he wants all of these countries to be dependent to America at the time of war. Remember that war needs energy and oil is the most needed commodity! Trump also want to secure the current US treasury position so that he can refinance the US debt without these UST holders selling. Also, the idea is about North America becoming the center of the world for resource provider. Will it be logical?US will lose the war against Iran but they are reaching their goal.
- Trump just declared that they won the war. - But on the other hand, USOIL just have a spike to $91 in the last 1 hour. I still think that Oil will visit $100 unless there is resolution in Hormuz. - 4 consecutive days of the S&P500 has closed below the $6800.
Time is ticking, we are going to see big move very soon. Based on my calculation, there is 65%-70% probability of the big move favoring the bears.
Watch out.
My trade right now : 1. Long Oil 2. Short equity
*For BTC, I still think that we can go a little bit higher considering it's now the most hated asset in the world. But short term could get a pull back if stock market does.
This is the chart of oil which is the every reason behind the rally in all risk asset.
Drop -33% in the last 2 days and continuing. The fear which was dominating the market yesterday has now became just another noise after Trump predicted the war will end soon.
It's all reflected in the price.. There is no secret that Trump actually is very concern to the equity market performance. So, should we trust the Trump statement about war ending soon?
Again, it has happened several times and right now is no different.. Don't be in euphoria and don't blindly buy here. Always use proper risk management..
Also anticipate another weird statement from Trump again in the future.
Structurally, it's looking good trying to defend this key support level at $90k and also as a stance to retest previous broken resistance trend line which is now acting as support.
This $90k level is the most important level we need to watch for intraday level as this is the psychological level for the traders.
Shorts are also stacking their position here with the vulnerability of getting squeezed if the price can surpass the $92k (just like what I anticipated yesterday).
Let's wait, volume is very low but it's clear that price wants to go up. Current correction is fueled by the short position, not spot selling.
I'll be active during the weekend because there is a heating situation in Iran right now. Source says that some air forces have been sent to Tehran? This is important guys
We reached today's resistance at the $93,400 level from which we are now seeing a pullback sending the price back toward $92,000
However the upward impulse is not being suppressed very aggressively yet
Therefore as I mentioned earlier I am accounting for the possibility of a squeeze all the way to the resistance boundary at $94,000. There, the trend should very likely shift to downward
I will stick to this scenario until we break the $95,000 level and close above it on the daily chart. Only in that case would it be reasonable to change the setup. Until that happens downward expectations remain the priority
Also my quant sent me this behavioral change in term of BTC current movement.
1. Bid/ask ratio with the ob depth of 10% has now flipped positive, means that swing players are accumulating after previously being dominated by the short sellers on period between Nov 21 - Dec 18. 2. Funding rate is hiking after period of contraction, meaning that the long position is now dominating again in term of total positioning.
Still expecting the liquidation on both long and short before we see an expansion in the price.