Hedge Funds Take the Lead: How Bitcoin Proxy Strategy’s Influence is Weakening

Strategy, long viewed as a high-risk bet tied to Bitcoin price movements, is experiencing an erosion of its influence as hedge funds surge in dominance. The company, which held a historically prominent position offering leveraged exposure to Bitcoin, is struggling to maintain relevance. 10x Research notes that the stock’s recent trading range has been constrained, unable to break through the $360 support level, reflecting declining investor confidence and volatility.