According to Odaily, Kaiko's data reveals that the MSTR token has significantly outperformed Bitcoin since January. This superior performance is partially attributed to a short squeeze.
The MSTR token has shown a marked improvement in its performance compared to Bitcoin, the world's leading cryptocurrency. This data, provided by Kaiko, indicates a trend that has been ongoing since the beginning of the year.
The reason behind this notable performance is believed to be a short squeeze. A short squeeze occurs when a heavily shorted stock or digital asset sees a sharp rise in its price, forcing short sellers to close their positions, which in turn pushes the price even higher. This phenomenon seems to have contributed to the MSTR token's impressive performance.