MicroStrategy Buy Bitcoin Wey Worth $51M Mean Say Demand No Too Much, Short Seller Warn
One big short seller don flag MicroStrategy recent $51 million Bitcoin buy cor warn say investor dem no too want buy. MicroStrategy plan make dem put out convertible notes take fund more Bitcoin buy, but the big buy show say outside investors fit no wan join. The short seller talk say when insiders buy plenty before, e usually mean market go drop and e fit pressure company stock and Bitcoin price. Traders fit see am as bearish sign short term, e mean dem go dey careful with BTC, but long term fundamentals like limited supply and institutional interest still dey strong.
Bearish
Di short seller one dey talk say MicroStrategy need come use im own money buy $51 million worth Bitcoin for their latest convertible note, e mean say outside demand no dey. For history, when insiders buy big big, e dey show say market correction go soon happen because other investors dey hold back. For now, e fit make BTC price slow down and make traders reduce their long position, e show say dem dey bearish. But for long term, Bitcoin get better case because e dey scarce, institutions dey adopt am, and e dey serve as brake against macroeconomic wahala. So, even though short term trading fit dey negative, the overall fundamental view go likely remain neutral to positive.