While ETF holders sold, treasury buyers kept buying above the current price, and that split is the story of today. 📰
CoinJuice reported on 3 November that Strategy bought 811 Bitcoin for about 65.5 million dollars between 26 October and 1 November, at an average of 80,846 dollars per coin, taking its holdings to 849,327 Bitcoin at an average cost of 75,451 dollars, while Strive bought 124 Bitcoin for about 10 million dollars. 📊 My reading is that this split matters more than any single headline. ETF holders sold 398 million dollars on Monday, yet the biggest treasury buyer paid well above todays price, which means one group is de risking while another is adding at a loss. At 77,053 dollars, Bitcoin sits only about 2 percent above Strategys average cost, so its conviction gets tested fast if 76,303 breaks.
Who is right this week, the ETF sellers or the treasury buyers? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinTreasury
CoinJuice reported on 3 November that Strategy bought 811 Bitcoin for about 65.5 million dollars between 26 October and 1 November, at an average of 80,846 dollars per coin, taking its holdings to 849,327 Bitcoin at an average cost of 75,451 dollars, while Strive bought 124 Bitcoin for about 10 million dollars. 📊 My reading is that this split matters more than any single headline. ETF holders sold 398 million dollars on Monday, yet the biggest treasury buyer paid well above todays price, which means one group is de risking while another is adding at a loss. At 77,053 dollars, Bitcoin sits only about 2 percent above Strategys average cost, so its conviction gets tested fast if 76,303 breaks.
Who is right this week, the ETF sellers or the treasury buyers? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinTreasury
