During the week news of Strategy’s estimated income tax benefit landed, MSTRUSDT fell 2.12%, moving from 164.84 USDT to 161.34 USDT. In a 35-week sample, it ranked 23rd, placing it in the lower half. The news was framed in accounting terms, while the market priced it on sentiment—the two didn’t line up.
The price rose on four trading days and fell on three. On 10-01, it climbed from 153.43 USDT to 161.22 USDT, a gain of 5.08%—the biggest single-day rise. On 10-04, it closed at 164.85 USDT, the period’s highest close. On 10-07, it opened at 164.94 USDT and closed at 161.34 USDT, down 2.18%, giving back in one day all the ground it had gained over the previous two sessions. That’s how the week ended down.
Popular posts on the forum said the income tax benefit was largely an accounting change from deferred-tax treatment, not an improvement in cash flow (paraphrased; this does not represent this site’s views). Other posts said sentiment-driven traders often front-run this kind of news in MSTR-related assets, and that prices can easily pull back after the figures are repeatedly reinterpreted. My view is that this week’s price action fits that pattern, but popular posts are opinions, not established facts.
Gaps, leverage, and funding fees are all hard to avoid with this contract. The opening prices on 10-01 and 10-07 both failed to line up with the previous day’s close; high leverage makes pullbacks more costly, and funding fees bite harder the longer prices move sideways. Also, any judgment about a week’s strength or weakness only holds in hindsight. If you’re trading MSTRUSDT, first do the math on the default maker fee of 0.02% and taker fee of 0.05%—after a 20% rebate, the effective rates are 0.016% and 0.04%—before making a call on direction. #Strategy estimates a $4.1 billion income tax benefit
#币安 $BNB
The price rose on four trading days and fell on three. On 10-01, it climbed from 153.43 USDT to 161.22 USDT, a gain of 5.08%—the biggest single-day rise. On 10-04, it closed at 164.85 USDT, the period’s highest close. On 10-07, it opened at 164.94 USDT and closed at 161.34 USDT, down 2.18%, giving back in one day all the ground it had gained over the previous two sessions. That’s how the week ended down.
Popular posts on the forum said the income tax benefit was largely an accounting change from deferred-tax treatment, not an improvement in cash flow (paraphrased; this does not represent this site’s views). Other posts said sentiment-driven traders often front-run this kind of news in MSTR-related assets, and that prices can easily pull back after the figures are repeatedly reinterpreted. My view is that this week’s price action fits that pattern, but popular posts are opinions, not established facts.
Gaps, leverage, and funding fees are all hard to avoid with this contract. The opening prices on 10-01 and 10-07 both failed to line up with the previous day’s close; high leverage makes pullbacks more costly, and funding fees bite harder the longer prices move sideways. Also, any judgment about a week’s strength or weakness only holds in hindsight. If you’re trading MSTRUSDT, first do the math on the default maker fee of 0.02% and taker fee of 0.05%—after a 20% rebate, the effective rates are 0.016% and 0.04%—before making a call on direction. #Strategy estimates a $4.1 billion income tax benefit
#币安 $BNB