CryptoQuant CEO: MSTR's Bitcoin holdings premium has returned to the level during the 2021 bull market
CryptoQuant CEO Ki Young Ju posted on X saying, "MSTR's Bitcoin premium has returned to the levels during the 2021 bull market. Its premium peaked in mid-2021 but never fell below zero in the last bear market. During this period, GBTC's negative premium rate dropped to -48%, triggering a crisis as leverage was lifted. Michael Saylor knows how to handle leverage. During the 2022 bear market, he kept MicroStrategy stable and effectively managed Bitcoin market risk."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: "Machi Big Brother" reduced 2,880 ETH long positions in the past hour, with a liquidation price of $3,022.
A certain whale has opened a 20x leveraged long position on 300 BTC, with a liquidation price of $60,424.6.
Trending news
MoreCrypto prices
More
