Bitcoin is now 11.5 percent below Strategy's average cost basis of 75,456 dollars. 📊
The KWIZERANA brief for November 14 reports Bitcoin fell about 8 percent in two days to 66,754 dollars, which puts it 11.5 percent under Strategy's 75,456 dollar cost basis, so the biggest corporate Bitcoin holder is now sitting on a paper loss. 📰 MSCI also confirmed Strategy will be removed from its global indexes after November 30, which can force index funds to sell, and Bitcoin critic Peter Schiff warned the decline could get worse. My reading is that Strategy going underwater matters for sentiment, because the loudest Bitcoin buyer is now losing money, and that headline alone can push weak hands to sell into the weekend.
Does Strategy buy more near 65,000, or does the MSCI removal add fresh selling pressure? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Strategy
The KWIZERANA brief for November 14 reports Bitcoin fell about 8 percent in two days to 66,754 dollars, which puts it 11.5 percent under Strategy's 75,456 dollar cost basis, so the biggest corporate Bitcoin holder is now sitting on a paper loss. 📰 MSCI also confirmed Strategy will be removed from its global indexes after November 30, which can force index funds to sell, and Bitcoin critic Peter Schiff warned the decline could get worse. My reading is that Strategy going underwater matters for sentiment, because the loudest Bitcoin buyer is now losing money, and that headline alone can push weak hands to sell into the weekend.
Does Strategy buy more near 65,000, or does the MSCI removal add fresh selling pressure? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Strategy
