Previously mentioned in private, November 21st is a phase peak.

Let me explain the logic. On November 21st, Microstrategy (NASDAQ:MSTR) had a spot trading volume of 46 billion USD, not including various leveraged ETFs and so on.

The single-day trading volume exceeded that of super popular US stocks like Nvidia and Tesla.

Meanwhile, Microstrategy's historical highest market value was only 100 billion USD.

Nvidia's market value exceeds 3.5 trillion USD, and Tesla's market value exceeds 1.1 trillion USD.

On that day, Microstrategy (NASDAQ:MSTR) had a turnover rate close to 50%, and when we were calling each other fools, that was the phase peak of the market.