$MSTR was directly pulled up to 165.68, up 8.44% in 24 hours, with trading volume of 247 million. This move isn’t just a simple technical rebound.
Saylor is hinting again that he wants to keep buying Bitcoin. The debate about the “dead cat bounce” from last time hasn’t even settled yet, and he’s already making his case. Meanwhile, Cathie Wood, aka “the wood,” has publicly said, “Bitcoin is not a dead cat,” and just a couple of days ago ARK sold its own Bitcoin ETF—then turned around and went bullish. That move is pretty twisted.
But the real catalyst is that the CLARITY Act was rejected. Saylor directly called it a “positive inflection point” for the crypto industry—tighter regulation only makes the scarcity of big Bitcoin hoarders like $MSTR stand out even more. Over the past month, $MSTR is up 53%. Wall Street is deeply divided, with both bulls and bears betting.
At its core, $MSTR is basically a leveraged Bitcoin proxy. When it rises, it’s often when market sentiment is at its most excited. Chasing at the 165 level—I think you have to see whether Bitcoin can hold its ground.
With trading volume of only 247 million, can it really support an 8-point surge? I’m not sure in my gut.
#MicroStrategy
Saylor is hinting again that he wants to keep buying Bitcoin. The debate about the “dead cat bounce” from last time hasn’t even settled yet, and he’s already making his case. Meanwhile, Cathie Wood, aka “the wood,” has publicly said, “Bitcoin is not a dead cat,” and just a couple of days ago ARK sold its own Bitcoin ETF—then turned around and went bullish. That move is pretty twisted.
But the real catalyst is that the CLARITY Act was rejected. Saylor directly called it a “positive inflection point” for the crypto industry—tighter regulation only makes the scarcity of big Bitcoin hoarders like $MSTR stand out even more. Over the past month, $MSTR is up 53%. Wall Street is deeply divided, with both bulls and bears betting.
At its core, $MSTR is basically a leveraged Bitcoin proxy. When it rises, it’s often when market sentiment is at its most excited. Chasing at the 165 level—I think you have to see whether Bitcoin can hold its ground.
With trading volume of only 247 million, can it really support an 8-point surge? I’m not sure in my gut.
#MicroStrategy