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Did investors really sell because of this news? It just so happened that bitcoin dropped about 5% on the same day. Microstrategy is quickly turning into a def
by oillio 6y ago
Did investors really sell because of this news?
It just so happened that bitcoin dropped about 5% on the same day. Microstrategy is quickly turning into a defacto bitcoin ETF. Maybe the bitcoin price drop had something to do with the stock price drop.
- muzika 6y agoBitcoin chart was set up for a short, and many traders shorted it that day. Once they closed their positions (after pushing the price down as far as they could) the price have quickly rebound.
- Traster 6y agoMan it would be so juicy to do an arb trade of the stock against the price of Bitcoin. I’d bet there’s a great lead lag relationship.