MicroStrategy purchased 18,300 #BTC☀ again, worth $1.11 billion. Many people regard it as an increase in institutional holdings and full confidence in the market.

The result may not be as optimistic as everyone thinks.

1. BTC worth $111 million, the average price is $60,655 per coin, and this price last appeared on August 29. If the purchase time is calculated according to the moving average, MicroStrategy’s purchase is not actually the current time. It may be that the previous increase in holdings is only revealed now. According to this logic, this news has nothing to do with the current attitude towards the market.

2. MicroStrategy’s basic large-scale holding of BTC is already a routine, and the company’s holding method may be different from that of most traders. The holding period is longer, the allocation ability is better, and the perspective is longer. Therefore, if the perspective is extended to 10 years, 60,000 or 70,000 may be a lower price. However, this does not mean that 60,000 or 70,000 is the best price for us ordinary traders. It depends on the individual holding period.

3. MicroStrategy is increasingly tied to BTC. It can be said that most of the valuation of MicroStrategy's stock price comes from BTC, so MicroStrategy has no reason to short its main support. Therefore, continuously increasing holdings is the most correct choice, and there is no second choice.

In general, we should look at the news that MicroStrategy has increased its holdings again rationally and objectively. Don't just follow the trend of others shouting retail investors panic and institutions actively buying.

Before buying, you should consider whether your holding period, fund allocation ability and perspective can be long-term. If it is long enough, you can follow the pace of the institution, but if you just want to hold a short-term position for 3-5 years, or even some people gamble on shorter fluctuations, you should be more cautious.

I never think that selling at the highest and buying at the lowest can be 100% judged. Only what suits you is the best.