- MicroStrategy has fallen 44% from its peak, indicating a weakening of the bullish distortion phenomenon.
- MicroStrategy's implied volatility indicator has rebounded, showing a weakening narrative momentum for the Bitcoin theme.
- As more companies adopt Bitcoin as a strategic asset, the evaluation method for MicroStrategy is changing.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The bullish distortion phenomenon of MicroStrategy (MSTR), once called a leveraged stock in the Bitcoin (BTC) bullish trend, has significantly weakened.
On the 2nd (local time), cryptocurrency specialized media CoinDesk reported, citing Market Chameleon data, "Currently, MicroStrategy has fallen 44% from its all-time high, and the 250-day put-call skew, which indicates the difference in implied volatility between options, has rebounded from -20% to 0 in just three weeks."
This means that asymmetric call options due to potential rises in underlying assets are not trading at abnormally high premiums.
Markus Thielen, founder of 10x Research, explained, "MicroStrategy is currently trading at a price 44% lower than its peak. As more companies adopt Bitcoin as a strategic asset, the narrative momentum for the Bitcoin theme seems to be weakening."
MicroStrategy began adding Bitcoin to its balance sheet in 2020 and has accumulated approximately 446,400 BTC (about $42.6 billion) so far.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEEPiCK News
Bitcoin Daily Trading Volume Drops 91% Compared to December 5 Last Year
7 hours ago
Trump's 'King Dollar' is Coming... "Prepare for 1500 Won Exchange Rate"
11 hours ago
Sui (SUI) Hits All-Time High on Binance
11 hours ago
Solana (SOL) Develops Quantum-Resistant Vault… "Defending Against Quantum Computer Attacks"
13 hours ago
US Ethereum Spot ETF, $58.79 Million Net Inflow
14 hours ago
Ranking News