MSTR is now around 100-120, bro—let me put this clearly: at this level, don’t chase.
One week it ran from the 90s to a bit above 120, and a 30% gain is pretty satisfying to eat. But today, two pushes got hammered back from above 120. The price spent the whole day grinding right along the 15-minute moving average. On the 4-hour timeframe there are just two words: range-bound—basically, it can’t move up anymore.
The key issue is this: the futures open interest surged 30% in a day, and there’s a pile of leverage stacked at the highs. But active buy-side demand is down to just 40% and still drifting lower. New positions aren’t here to catch the bag—they’re here to test for shorts. The funding rate has also turned negative; on the order book, sell orders are thicker than buys. Spot’s big orders are seeing zero inflow—how are you supposed to keep it alive just by shouting out a high level?
Big players are more sharp than anyone. The longs on their accounts got cut by 6% over seven hours. In their hands, about 70–80% of the long positions are stacked up at the high end, waiting for someone else to pick up the load.
So my stance is very clear: at high levels with volume stalling the rally, leverage stacking higher and higher while the buy-side can’t keep up—the chase-long value here is too low. Wait until the positioning comes down and the buy-side recovers before talking about stabilization. For now, be honest: just wait for the pressure to release.
#mstr $MSTR
One week it ran from the 90s to a bit above 120, and a 30% gain is pretty satisfying to eat. But today, two pushes got hammered back from above 120. The price spent the whole day grinding right along the 15-minute moving average. On the 4-hour timeframe there are just two words: range-bound—basically, it can’t move up anymore.
The key issue is this: the futures open interest surged 30% in a day, and there’s a pile of leverage stacked at the highs. But active buy-side demand is down to just 40% and still drifting lower. New positions aren’t here to catch the bag—they’re here to test for shorts. The funding rate has also turned negative; on the order book, sell orders are thicker than buys. Spot’s big orders are seeing zero inflow—how are you supposed to keep it alive just by shouting out a high level?
Big players are more sharp than anyone. The longs on their accounts got cut by 6% over seven hours. In their hands, about 70–80% of the long positions are stacked up at the high end, waiting for someone else to pick up the load.
So my stance is very clear: at high levels with volume stalling the rally, leverage stacking higher and higher while the buy-side can’t keep up—the chase-long value here is too low. Wait until the positioning comes down and the buy-side recovers before talking about stabilization. For now, be honest: just wait for the pressure to release.
#mstr $MSTR