Navigating Bitcoin's 'Death Zone': Risks, Consolidation, and the Path to the Summit

@MicroStrategy's @saylor has undoubtedly been the sherpa of this bull market, paving the way for other...

👇1-14) Yesterday, we delivered yet another exceptionally well-timed report as the crypto markets showed vulnerability, with prices dropping sharply overnight (Is Bitcoin Entering the Death Zone?). Bitcoin fell to a low of $94,395, while many altcoins saw declines of -10% to -20%, with Solana briefly touching $207.

👇2-14) Our market structure analysis, coupled with on-chain warning signals, provided critical insights that helped us accurately anticipate this consolidation phase. We specifically cautioned about altcoins, some of which experienced sharp corrections, plunging by as much as -20% in a single overnight move.

👇3-14) Since #Trump’s reelection, MicroStrategy has acquired $17.6 billion worth of Bitcoin, with significant purchases on November 25 ($5.4 billion), December 2 ($1.5 billion), and December 8 ($2.1 billion). Interestingly, these massive buys had no discernible upward impact on Bitcoin's price, suggesting that equivalent selling occurred as others diversified into higher-beta cryptocurrencies. MicroStrategy has undoubtedly been the sherpa of this bull market, paving the way for other climbers navigating the challenges of the Death Zone.

👇4-14) Full report: https://mail.10xresearch.co/p/navigating-bitcoin-s-death-zone-risks-consolidation-and-the-path-to-the-summit

-----