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The big pancake continues to buy at 62700 tonight, aiming for 67000. Set your orders and wait, whether we can catch it depends on whether the market maker dumps the price. Waiting for short orders is the best strategy. Get ready, everyone! Set your orders and just wait for the fish to bite; the rest is up to time. Waiting for the welfare red envelope $BTC 🧧🧧🧧 cannot be less, will be distributed soon! Can everyone share my post to reach 30K? It all depends on you, babies! Yay✌Yay✌Yay✌!
Kicking off the day with a red packet! Powering through to the 16,000 follower milestone! Heartfelt thanks for your unwavering support 🌿 Daily Crypto Giveaway is live! Come claim your BTC every single day! 🧧
$BNB New king born, dividend dog head, hold coins to receive dividends! Burning gold standard underpins 3 times returns, dual turbine drives wealth doubling. Created by the original dog head community. #分红狗头
$BNB New king born, dividend dog head, hold coins to receive dividends! Burning gold standard underpins 3 times returns, dual turbine drives wealth doubling. Created by the original dog head community. #分红狗头
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The relationship between Bitcoin and MicroStrategy stock prices
The price of Bitcoin and MSTR (MicroStrategy) shares has formed a highly convergent leveraged proxy relationship. MSTR is no longer essentially a software company, but rather a 'Bitcoin leveraged ETF': its beta value reaches 1.77, showing greater elasticity when the coin price rises, and significantly magnified declines when it falls. The latest holdings show that MSTR holds over 714,000 bitcoins, with an average cost of about $76,056. As the price of Bitcoin fell to $69,000, the unrealized losses expanded to between $4.8 billion and $6.5 billion, and MSTR's stock price has plummeted nearly 80% from its peak. In terms of market capitalization, the key indicator is the premium rate (mNAV). When the premium is above 1, the company can issue shares at low prices to finance and buy coins at high prices to create a positive feedback loop; however, the current premium has compressed to 1.09 and even briefly fell below 1, resulting in stagnant financing and interrupting the traditional 'issue shares to buy coins' cycle. Market focus has shifted from 'whether to sell coins' to 'whether to refinance at low cost', which will determine whether this highly leveraged model can survive a bear market.