I get increasingly uncomfortable with these MSTR weekly buys. On one hand, coins are moving from weak hands to strong hands, which should strain future supply. On the other hand, it supports the feeling that a couple of buyers are propping up Bitcoin at these prices.

And I can’t help but focus on the increasing counterparty risk with Coinbase. Not only with MSTR, but also nearly all of the ETFs.

Hope I’m wrong. But I’m stacking sats carefully and resisting the “greed mindset.”