Bitcoin whales are about to buy the dip again!

On March 10, Strategy founder Michael Saylor posted on his personal social media platform: "If you still have more than one chair, this is your opportunity." This may suggest buying the dip in Bitcoin, meaning if you still have extra chairs (i.e., funds or resources), then this is a good time to buy Bitcoin.

On March 9, well-known crypto analyst Miles Deutscher posted on platform X that the net asset premium rate of Strategy (MSTR) rebounded 23% from a low point last week. This indicator measures the premium level of MSTR's market value relative to its held Bitcoin assets. A higher premium means Strategy can raise more funds to purchase Bitcoin.

Miles Deutscher stated that Saylor may be preparing for another round of large-scale Bitcoin purchases next week.

All signs indicate that Strategy is ready to buy the dip in Bitcoin again. Strategy has not purchased a single Bitcoin in March. Now, the U.S. Bitcoin strategic reserve is settled, and the roughly 200,000 Bitcoins held by the U.S. government will not be sold, reducing market selling pressure. The U.S. strategic reserve of Bitcoin may also encourage other countries or enterprises to accumulate Bitcoin. Although the cryptocurrency market is currently not optimistic and continues to decline, the long-term outlook for Bitcoin is promising.