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Fintech– 10
Analyst: MicroStrategy's Bitcoin sale signals market bottom
CoinDesk·
Tom Lee of Bitmine Immersion views MicroStrategy's recent Bitcoin sale as typical behavior at a market bottom, not a sign of structural weakness. The sale of 32 BTC, representing a minuscule portion of the firm's holdings, was largely seen as economically immaterial by Wall Street analysts. Despite an 11-day outflow streak from U.S. spot Bitcoin ETFs, Lee believes these are trailing indicators of a cycle reset. His firm's strategy, including accumulating Ether, remains on track.
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fintech
crypto
macro
Original Source
CoinDesk — coindesk.com