Michael Saylor just signaled a potential $30 billion war chest to buy more Bitcoin.
The plan is to fund it using their existing balance sheet, not by issuing more common stock or waiting for the price to appreciate. Their CEO called this the "primary way to acquire Bitcoin" from now on. Itโs a pre-announced, structural bid.
And the market is selling into it. BTC is currently trading under its 20-day EMA at $77,453, with the Fear & Greed index sitting at 30. A whale just broadcast their entire playbook and the price went down.
Bullish news, red candle โ which one is lying?
$BTC #Bitcoin
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The plan is to fund it using their existing balance sheet, not by issuing more common stock or waiting for the price to appreciate. Their CEO called this the "primary way to acquire Bitcoin" from now on. Itโs a pre-announced, structural bid.
And the market is selling into it. BTC is currently trading under its 20-day EMA at $77,453, with the Fear & Greed index sitting at 30. A whale just broadcast their entire playbook and the price went down.
Bullish news, red candle โ which one is lying?
$BTC #Bitcoin
This desk posts all day. Follow to keep up with it.
