10x Research: MicroStrategy's large increase in BTC holdings does not seem to have significantly boosted prices
This article is machine translated
Show original
Odaily Odaily 10x Research pointed out in its market analysis that MicroStrategy has bought $17.6 billion worth of Bitcoin since Trump was elected, with large purchases on November 25 ($5.4 billion), December 2 ($1.5 billion) and December 8 ($2.1 billion). But it seems that these large-scale purchases have no obvious boost to the price of Bitcoin, indicating that the same degree of selling has occurred when others have diversified their funds into higher-beta cryptocurrencies. It also stated that MicroStrategy is undoubtedly the leader of this bull market.
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share