Michael Saylor Stands Firm as MicroStrategy’s Bitcoin Premium Shrinks Amid Market Turbulence Michael Saylor, the unrelenting force behind MicroStrategy, isn’t breaking a sweat over the shrinking premium of his company’s stock compared to its staggering $73 billion Bitcoin holdings. Despite a 20% drop in MicroStrategy’s stock price since June—while Bitcoin itself soared 6% to record […]
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Bitcoin NUPL Signals Prolonged Bull Market: Third Peak Forming for BTC? Bitcoin has soared to a staggering new all-time high of $124,500, fueling hopes of a lasting bull run, only to pull back to $121,596, stirring whispers of a potential correction. On-chain data, particularly the Net Unrealized Profit/Loss (NUPL) metric, reveals a fascinating twist—a possible […]
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Institutional Fever: Eight Years’ Worth of Bitcoin Issuance Absorbed in 2024 In a staggering display of confidence and interest, 2024 marked the year when institutions and public companies collectively absorbed Bitcoin equal to eight years of its issuance. This unprecedented demand has been fueled by the success of US-traded spot Bitcoin ETFs and massive acquisitions […]
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