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Recent Bitcoin volatility: What's the way forward?
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$MSTR is 24% shorted right now

That is, 24 percent of Microstrategy's floating stock is shorted. This sets up well for a squeeze. $Bitcoin(BTC.CC)$ is currently surging, mainly due to the news that $Coinbase(COIN.US)$ has been absolved of it's SEC lawsuit. Add to that:

- BTC halving will occur sometime in the next two weeks, potentially driving up the price of BTC substantially in the short term. MSTR's book value is inherently tied to the cost of BTC, due to Micheal Saylor buying shitton's of coins to put in the companies treasury over the last two years. Over 92% of all the BTC that will ever be mined has already been mined, making it a scarce asset, about to become more scarce.

- On friday, MSTR faced one of the largest pullbacks in the stock's history, making the price a discount to where it was trading previously.

- Microstrategy's biggest day(+33%) came on a monday in which BTC had pumped the Sunday before hand and into Monday

So, if futures a solid green tonight, and BTC stays above 69k into the morning, MSTR could see signifanct buying volume in the morning. If it gets large enough, it could force shortsellers to buy back their position, at which point a squeeze cycle would begin. On MSTR's best day, the stock price saw a gain of 21%, or $333 per share.

Obviously, we dont know what will happen. Microstrategy has been trending down for the last week, and could continue to. I'm just saying the possibility is there, and this may be one to keep an eye on, at least in the shortterm.
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