MicroStrategy’s Bitcoin Purchases: A Potential Indicator of Price Volatility

Following their historic $64,000 ATH in September 2020, MicroStrategy has continued to aggressively acquire Bitcoin, reaching over 500,000 BTC. This significant investment positions them as one of the most influential ‘whales’ within the cryptocurrency space. With this much-invested Bitcoin, it raises a question: what does it mean for Bitcoin’s price? The absence of new acquisitions from MicroStrategy amidst recent market declines is raising concerns, particularly considering their historical success in capitalizing on bullish periods.