Bitcoin dips, Michael Saylor shifts Strategy
View original at finance.yahoo.comBitcoin dips, Michael Saylor shifts Strategy Scott Melker discusses a sharp bitcoin bounce and Michael Saylor's latest dip-buying spree, a high-profile legal drama as a prominent stablecoin faced delisting over a controversial wallet-freezing feud, and other crypto headlines…
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Strategy has acquired 1,550 Bitcoin for $101 million to increase Bitcoin reserves to 845,256; USD reserve increased by $100 million to $1 billion
60% confidenceSaylor's sale of 32 Bitcoin at $77,000 inoculated the market to the idea of him selling while allowing him to scoop up much cheaper Bitcoin as a result
60% confidenceThe upcoming weekend would be the bloodiest weekend in Bitcoin history, with a Black Monday coming that week
60% confidenceThe 200-day moving average is the best place to buy a quality stock
60% confidenceInvestors should not trade based on what social media influencers say because they may be selling the same assets they are publicly promoting
60% confidenceScott Melker personally bought STRC at around $92 and Bitcoin at $60,000 because it seemed like the most obvious counter trade in history during peak fear
60% confidenceMost crypto platforms claiming decentralization actually have centralized control allowing them to freeze user assets, either vindictively or on behalf of law enforcement
60% confidenceBitcoin is likely bottoming; the weekly chart wicked below the 200-week moving average and closed back above it for the fourth time in history, consistent with prior bottoming patterns
60% confidenceHyperliquid, Near, and Zcash together form the 'Holy Trinity' of crypto investment opportunities
60% confidenceSTRC will likely trade back to par at $100 as the market was overly panicked
60% confidencePeak fear and calls for Black Monday are historically the best temporary buy signals in markets
60% confidenceBuying STRC at $91-$93 below par offers a 7-9% upside to par plus an 11.5% annual dividend yield, making it a compelling risk-adjusted trade unless one believes it goes to zero
60% confidence
