MicroStrategy Continues to Hold on to Bitcoin!
According to Michael Saylor, founder of MicroStrategy, the company has not sold any of its Class A common stock, nor has it purchased any more Bitcoin over the past week. As of February 2, 2025, the company still holds 471,107 Bitcoin, totaling $30.4 billion, with an average purchase price of $64,511 per Bitcoin. Does this sound like someone in a panic? Of course not!
So who is selling?
When analyzing the Bitcoin Holdings Index, we found a sharp increase in it, which means that huge liquidity has flowed out of altcoins and not Bitcoin. So who is selling? Small traders! Those who own less than 10 BTC are the ones who have succumbed to panic and sold their holdings at a loss, while the whales are silently watching, waiting for the opportunity to swallow more.
This is the market, either think like a whale, or be eaten! $BTC