To all the bears out there
In spite of recent price action, my feeling is there’s still life in this bull market
Don’t get shaken out by a lull in the up trend, a period of consolidation above 100k was very healthy
Next leg up inbound
Discussion
Long spot
Short futures and MSTR
Why go short on MSTR? If you think there’s life in Bitcoin, and it trades at a multiple of BTC, then surely long MSTR is the way?
Pedophile
Because they are diluting shareholder to boost bitcoin buys. MSTR has already decoupled from Bitcoin price action on the upside in 2025 Bitcoin was making new ATH, MSTR was not. MSTR is a bull market play now shorting it will be a bear market play. Look how it performed in 2022 that’s where we’re headed again. If Bitcoin breaks below there cost basis somewhere in the 70k range shareholders panic and selling intensifies. If you want a multiple of bitcoin exposure BITX is 2x exposure but I wouldn’t recommend that now either. MSTR will be dirt cheap next year then it might be worth going long again.
I’ve been eyeing up a MSTR position at the bottom of the bear for a while
That would the time to enter I agree
Pedophile