MicroStrategy (MSTR) buys another $4.6b in bitcoin (51,780) at an average price of $88,627 per bitcoin. Michael Saylor’s MSTR now owns 331,200. I'll leave my personal thoughts on Saylor for X, but the primary issue I have with his strategy is he's constantly buying billions worth of Bitcoin at the localized tops of each pop; and it seemingly comes after momentum wanes some.
Nevertheless, bitcoin - and broader crypto space - remain in strong bullish trend. Miners, such as MARA, continue to trade at a double-digit premium to the range top. While exchanges like Coinbase are coming into line by compresing it's premium.
The trend strength and volatility-adjusted trading range charts for select crypto assets are below.
To access the 75+ trading ranges, across global asset classes, click here.