The perspective of the potentially wealthy might be: Should we buy some $BTC to stock up? Give your institution XX dollars 💵 to stock up on some coins 😂!
Institution: Received 👌, will buy immediately!
The largest publicly traded whale in Bitcoin—MicroStrategy, increased its position at a price of $97,862, spending 5.4 billion dollars to purchase Bitcoin. Seeing this number, I was instantly stunned.
This must mean they are very optimistic about the future of Bitcoin to make such a 'counter-trend operation' at such a high position?
The world of giants is indeed hard to see through...
Is this a 'clear signal'? Does it imply that it can continue to go long?
I hope there will still be an opportunity for 'reverse pick-up' 😭