Recharge a little faith for everyone
1. The continuous bulk purchase of coins by MSTR and MARA at a cost of over 90,000 forms strong support for BTC prices, expected to last at least until the new government takes office at the end of January
1.1 Announced a total of $21 billion in stock financing at the end of October
1.2 Using $2 billion weekly, currently still has $9 billion
1.3 Based on the usage rate of $2 billion per week, it is expected to last 4-5 weeks
1.4 After the stock ATM financing balance is exhausted, it will just support until January 20th when the new government takes office
2. Recent two drastic leverage liquidations have restored the market to a healthy state
2.1 On December 6th at 6:28 AM, the big coin spiked to around 90,500, liquidating leverage positions that chased high around 102,000
2.2 On December 10th at 5:10 AM, the big coin spiked to around 94,000, liquidating altcoin leverage
2.3 The market has now recovered from a frenzied state to a healthy state, with the funding rate for going long on big coins dropping from over 100% to around 10%.
