From a data dimension perspective, the current market is actually still in the early stages of a bull market.
For instance, looking at the 52-week increase, it has only reached 161% so far, whereas historically, bull market cycles have seen increases soar to 1000%.
Next, let's examine the supply and demand situation. The daily new supply of Bitcoin is approximately 937, which translates to an annual supply of about 342,000 coins.
It is worth mentioning that the number of Bitcoins held by MicroStrategy has now exceeded the new supply of one year, and the company plans to continue increasing its holdings by 60,000 to 70,000 coins.
During the period from November 18 to 24, MicroStrategy spent about 5.4 billion dollars to acquire 55,500 Bitcoins.
According to calculations, the average acquisition cost per Bitcoin is 97,862 dollars.
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