Is MicroStrategy's strategy still capable of boosting Bitcoin's rise? 🚀📈
A recent report from 10x Research indicates that MicroStrategy's role as a high-risk tool linked to Bitcoin movements is showing signs of decline ⚠️, especially with hedge funds dominating trading and the largest shareholder in the company reducing their stake 💼📉.
MicroStrategy faces a significant test at the support level of $360 🛡️.
Vanguard has reduced its stake by 10% 📉, reflecting a decline in confidence.
Bitcoin holding companies are losing their appeal as volatility decreases 📊, while new investments are shifting towards Ethereum holdings and initial coin offerings 💰💎.
The question now for investors: Will the decision to return to investing be tied to a specific price level such as $360 🔑, or to the general market conditions that may revive demand for shares of Bitcoin-owning companies? 🤔💭
