$BTC PRICE ACTION ANALYSIS: MSTR DATA REVEALS DEEPER PAIN AHEAD

⚠️ WARNING: Analyzing MicroStrategy ($MSTR) holdings against unrealized PnL shows structural weakness.

• $BTC accumulation was steady until 2025, when positions aggressively jumped near 700k coins.

• Massive leverage led to peak $30B paper gains, now rapidly eroding with price dips.

• The current unrealized loss level is high historically, BUT relative to $BTC's all-time high market cap, the pain isn't maxed out.

👉 My view: There is still room for further downside correction based on this structure.

#Crypto #Bitcoin #MSTR #MarketAnalysis #BTCUSD 📉

MSTRUSDT

Perp

123.09

-1.21%

BTCUSDT

Perp

65,483

-2.59%