Not Wise to Fade the MSTR Bid, Nakamoto Upgrade Goes Live
In tonight's video, we discuss why we think many crypto-native investors remain sidelined despite record BTC ETF inflows and bullish futures sentiment, how Trump's stalling momentum and potential de-risking ahead of the election might be causing BTC's retest of $70k, the significant bullish implications of MicroStrategy's plan to deploy nearly $43 billion into BTC over the next three years; and how the Stacks Nakamoto upgrade enhances its alignment with Bitcoin, and why it remains a compelling way to gain exposure to Bitcoin DeFi.
Tickers in this video: #BTC
Reports you may have missed
TURNING CAUTIOUSLY OPTIMISTIC There is a lot of pain in the ETHBTC chart. It peaked in December 2021 and, save for several brief rallies, has been on a downwards slope ever since. It peaked at just under 0.09 and currently trades around 0.038. Source: TradingView Fortunately, we have anchored most of our attention on BTC and SOL this cycle, as BTC has continued to lead the market in a generally...
BTC DECOUPLING FROM EQUITIES Over the past two weeks, BTC has begun to decouple from other risk assets. While the broader macro environment experienced choppy conditions from November 12th through yesterday, BTC has appeared indifferent to fluctuations in risk appetite, continuing its upward momentum and approaching the $100K milestone. A chart of BTC correlations highlights this decoupling, with sharp declines in its correlation to the QQQ, SPX, and IWM. The...
