QCP: MicroStrategy's record-low purchasing scale raises market doubts, and investors are wary of potential gaps during the market closure.

DeepTechFlow News, on December 24th, QCP Capital's latest analysis pointed out that the price of BTC withdrew 14% from the historical high set last week to $92500, and then rebounded to $95000. Spot ETF saw continuous capital outflows for three consecutive days, and market sentiment tended to be cautious, with liquidity gradually drying up at the end of the year.

Previously, MicroStrategy increased its holdings by an average price of $106,662, purchasing $561 million worth of BTC, marking the seventh consecutive week of buying. However, this purchase scale hit a recent low, sparking doubts about its intention to buy at high levels. Despite the price drop, the front-end volatility remained low, and there was no apparent demand for gamma hedging in the market. As the large-scale options expire on Friday, the volatility butterfly spread remains at a high level of +2.0, indicating that the market has not yet stabilized.

QCP Capital reminds that during shortened trading hours or market closures in traditional markets, BTC's 24/7 trading feature may become a key channel for market reaction to significant events. Investors are advised to be wary of potential gap movements.

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