PTOL
05-22

$MicroStrategy(MSTR)$ A significant $1.4 billion in short interest is poised for liquidation if Bitcoin surpasses $74,300. The recent price momentum has already resulted in the liquidation of approximately $328 million in leveraged positions, with $64 million in long positions and $264 million in short positions. Additionally, the transfer of substantial ₿itcoin quantities from exchanges to cold storage wallets, along with Spot BTC ETFs' continued Bitcoin accumulation, signals a bullish trend. Any pullbacks in Bitcoin's price to the $60K level should be considered opportunities for long positions, as the upward trajectory remains intact. Now is not the time to initiate short positions. Be careful listening to the day traders on this board that move in and out of positions on an hourly basis.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • WINTERIN
    05-22
    WINTERIN
    Pullbacks could be opportunities for long positions.
  • MaudNelly
    05-22
    MaudNelly
    Caution with day traders.
Leave a comment
2
1