Family, who understands? When you think the big shots are bottom-fishing and the price will definitely go up, you jump on the bandwagon overnight, only to find that the more aggressively they buy, the more the coin price drops. This refers to the recent magical plot involving MSTR and Bitcoin.
As an old player who has been watching the crypto market for eight years, I have recently been bombarded with private messages asking: 'Has Saylor lost his mind? Buying at 90,000 dollars, and now it's dropped to 85,000. This is a huge loss!' Don't rush to worry about a CEO worth tens of billions; the intricacies of this matter are much more complex than simply 'buying high and selling low.' Today, let's break it down thoroughly so that you can see clearly after reading.
First, we must clarify one core fact: MSTR has continuously swept up over 20,000 digital assets for two weeks, and has not 'stirred up trouble' in the public market. We small investors usually buy coins on platforms, taking over from other traders; when more people buy, the price naturally rises. However, institutions deal with tens of billions in funds and play 'over-the-counter trading', which simply means directly trading point-to-point with large holders or institutions, with money and goods being settled without going through the public order book. This operation is like buying goods from wholesalers at the back door of the vegetable market; even if you buy a truckload of cabbage, the retail price in the market will still move as it should, and will not be driven up by your large order.
This explains why 'big players buying wildly' and 'coin prices dropping' can coexist. For Saylor, this has two main benefits: one is to avoid driving the price up by buying high; after all, if he buys 10,000 pieces on the open market, he could push the price up by more than 10%, resulting in higher costs; the second is stability. With such a large trading scale, over-the-counter trading can lock in prices and quantities, preventing situations where the price skyrockets halfway through a purchase or sellers tightening risk controls. To put it plainly, they are playing 'stockpiling' rather than 'short-term trading'; they simply do not care about the fluctuations over these few days.
Let's talk about the most concerning issue for everyone: the 'buying at a high point' problem. As of December 9, MSTR has accumulated 660,000 digital assets, with a total expenditure exceeding $49.3 billion, and an average cost of over $74,000. The current coin price is $85,000, and even though the portions bought recently at $90,000 are temporarily at a loss, the overall is still profitable. More importantly, their money is not their entire fortune; by raising funds through issuing stocks and bonds, they use other people's money to hoard core assets. This operation is simply 'leveraging the future.' I have seen too many small investors chase and kill the market but forget the core logic of institutional layout: look at long-term value, not short-term K-lines.
There’s another signal that must not be ignored: Recently, several Wall Street institutions have raised the target price for MSTR. The company's stock price has soared this year and is about to be included in the Nasdaq 100 index. What does this mean? Passive funds must be forced to buy MSTR stocks, which is equivalent to indirectly endorsing Saylor's hoarding strategy. Institutions have faster news and deeper research than us, and their actions already indicate their attitude: they recognize this 'digital asset + publicly listed company' model, and even more so, the long-term value of underlying technology.
Speaking of this, there must be fans asking: 'So what should we small investors do? We can't just follow and buy MSTR stocks, can we?' My advice is threefold: First, don't be swayed by short-term emotions; factors such as tax loss harvesting (institutions selling loss-making assets for tax purposes at year-end) and quantitative trading causing market dips will lead to short-term volatility. It's better to focus on the big picture; Second, learn the 'dollar-cost averaging' thinking from institutions. Don't think about going all in to catch the bottom; buy a little fixed amount every week or month to average down costs, which is a thousand times more reliable than guessing price points; Third, pay more attention to technological developments, such as the recent Layer 2 upgrades and institutional compliance progress—these are the core drivers supporting long-term asset price increases.
Finally, let me say something heartfelt: The crypto market is never about 'who makes money faster', but 'who survives longer.' Saylor dares to bet billions on the future based on his profound understanding of the industry; what we small investors need to do is not blindly follow the big players, but learn to see the essence through the phenomenon.
If you find today’s analysis useful, don’t forget to give a follow@男神讲趋势 #加密市场观察 $BTC
