everyone thinks strategy only buys the dip, but actually this latest $btc move is a warning about how hard it is to size entries once price is already stretched.
a lot of traders fomo when a big name comes back in, then get cooked chasing the same candle. the real pain is not buying, it is buying too late, wrong size, and not knowing when the market is already pricing in the headline.
strategy just resumed buying after a two-month pause and picked up 4,603 $BTC for $370m at an average of $80,318 per coin. that brings their stack to 845,050 $BTC at an average cost of $75,412, so they are still underwater on this batch if price slips, even with the conviction trade.
they funded it by selling 4.53m $mstr shares to raise $602m, and they also kept buying back $strc, spending another $151.8m. that is the part most people miss: big players are constantly rotating capital, and the market only sees the buy headline, not the financing pressure behind it.
when a giant buyer steps back in, it is easy to assume the path is straight up. history says that is usually when retail starts chasing the wrong side of the move.
what’s your take, is this the kind of flow that keeps $btc supported or just another setup for late buyers to get trapped?
#bitcoin #btc #mstr
a lot of traders fomo when a big name comes back in, then get cooked chasing the same candle. the real pain is not buying, it is buying too late, wrong size, and not knowing when the market is already pricing in the headline.
strategy just resumed buying after a two-month pause and picked up 4,603 $BTC for $370m at an average of $80,318 per coin. that brings their stack to 845,050 $BTC at an average cost of $75,412, so they are still underwater on this batch if price slips, even with the conviction trade.
they funded it by selling 4.53m $mstr shares to raise $602m, and they also kept buying back $strc, spending another $151.8m. that is the part most people miss: big players are constantly rotating capital, and the market only sees the buy headline, not the financing pressure behind it.
when a giant buyer steps back in, it is easy to assume the path is straight up. history says that is usually when retail starts chasing the wrong side of the move.
what’s your take, is this the kind of flow that keeps $btc supported or just another setup for late buyers to get trapped?
#bitcoin #btc #mstr
