Today's focus is still on MSTR. Although MSTR's price has almost returned to the position it was two days ago, it might still be too early to conclude that Citron has failed or given up on shorting. Let's observe more before making a judgment. However, the rise of MSTR should still be attributed to Michael's recent actions, which not only introduced an additional $300 million in funding but also included the largest insurance company in Germany buying convertible bonds due in 2031, accounting for 24.75%.
Moreover, among the participants in this debt purchase, there are also global top asset management companies such as BlackRock and State Street Corp. The total financing ratio has reached 43.37%. I still say this: I do not have strong capabilities; compared to these leading asset management companies and super-large enterprises, I am too insignificant. But if these people all recognize this situation, this concentration indicates that the holders of these bonds have high confidence in $MSTR or its financial condition, then why should I still question it? Although not to the point of going all in, it is still reasonable to participate.
This group of the smartest and wealthiest people in the world has already done enough detailed research for us. Although it cannot be said that they are 100% correct, compared to most ordinary investors, you can choose not to believe it, but there is no need to go against it. This issuance is still zero-coupon bonds, with no interest. Investors mainly earn returns by purchasing the bonds at a discount (i.e., buying at a price lower than the face value) and receiving the face value at maturity. Many friends question whether the decline of #BTC will lead to the collapse of MSTR, and I think this is not a question; it is inevitable. However, saying that the decline of BTC will cause MSTR to liquidate and go bankrupt to sell BTC is not that easy.
Today BTC continues to be just a step away from the $100,000 mark; this step is just a matter of time. Be a bit more patient. Many friends say that when #Bitcoin breaks $100,000, there will be a significant correction. For now, I cannot confirm that, as there is currently no negative information. If it is due to users' fear of heights or profit-taking, I do not fully agree.
From the current URPD data, after breaking through $70,000, the chips have already gathered very close to $90,000. The area above $80,000 is the gathering place for short-term investors, which has already been greatly eroded, while investors below $70,000 have not experienced much fluctuation up to now. With sufficient profits, there is enough resistance, especially since the current trend is continuing to move in a favorable direction. Gary's resignation and the departure of many Democratic officials all indicate that as long as Trump is willing to keep his promises, the possibility of realization is very high.
At least before January 20, the market is still holding its breath. Of course, there is also Christmas in between, and before Christmas, there is December 11. After calculating, it is better to be slightly cautious between December 11 and January 20, but if the vote on December 11 really passes, then the financial preparations for Christmas will not be much of a concern.
I still advise everyone that even if you are bearish, do not short unless there is very clear negative information.
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