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Oh my God! I just saw that Strategy bought over 10,000 more Bitcoins again. Is this the second consecutive week of massive accumulation? Do the big institutional players know something we don't...
Looking at the data, I'm a bit confused. Strategy now holds over 670,000 Bitcoins, with an average cost of just 74,000? And the current price is over 92,000! If you do the math, are they making a huge profit?😅
What shocked me the most is Cathie Wood saying the market might have already bottomed out... The previous decline was really terrifying, but now seeing funds flowing in for three consecutive weeks, and products that short Bitcoin emerging, does it feel like the atmosphere is really turning better?
Also, so many large financial institutions are recently looking at Bitcoin ETFs, like Morgan Stanley, Bank of America, etc. If they decide to enter the market, the subsequent trend could really be very different...
Can any veteran explain what this continuous buying by institutions means for us ordinary folks? Should we get in now or wait and see? I still feel I am too young and too simple😭