Many friends in the group are asking why there is a pullback again today?

Actually, I suggest everyone take a look at the U.S. stock market and the correlation between #ETH and #微策略 , and you will understand a lot.

Based on ETH holdings and MicroStrategy's stock dilution situation:

When ETH was at $3000, MicroStrategy's valuation was about $18;

When ETH rises to $3500, MicroStrategy should be around $21;

If ETH reaches $4000, then MicroStrategy's reasonable valuation is $29.

Now that ETH is around $3500, but MicroStrategy is at $25, it is actually a bit high; from a valuation perspective, it is currently considered "returning to reasonable."

So this pullback of ETH is not surprising; the short-term focus should be on whether this position around $3500 can be stabilized!