An analyst has pointed out how the latest Bitcoin purchase by Microstrategy could explain a pattern observed in this metric recently.
Microstrategy’s Purchase Behind Recent Positive Coinbase Premium?
Yesterday, Michael Saylor’s Microstrategy announced that it has acquired an additional 5,445 BTC at a cost of $147.3 million. In a post on X, Maartunn, the CryptoQuant Netherlands community manager, has shared some key charts related to the company’s shopping spree.
First, here is how the timeline of Microstrategy’s buys and sells lines up against the cryptocurrency’s price during the past few years:
An interesting pattern that is perhaps visible in this graph is that Microstrategy’s purchases have often come near tops in the asset. It should be noted, however, that the day the company makes these announcements isn’t when they acquire the coins, but rather over the preceding weeks or months.
The latest buying spree from the firm, for example, took place between August 1 and
We współpracy z: https://bitcoinist.com/microstrategy-bitcoin-purchase-explain-pattern/
