Capital flow watch:
“Strive launches an ATM program for up to $1 billion in SATS preferred stock, with proceeds to be used in part to purchase Bitcoin”
After this news broke, I’ll ask three money-related questions:
1. Is there more active buying or selling?
2. Can trading volume for $1000SATS ($200,000 over 24h) continue to grow?
3. Are there any unusual on-chain outflows from exchanges?
If all three point in the same direction, then the news has been validated by capital flows; otherwise, it’s probably just noise.
Figure out whether this is a new development or old news being recycled.
#1000SATS