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📰 Bitcoin closes April up 12%, Strategy's MSTR records its first monthly gain since July
Bitcoin rose 12% in April, Strategy increased its BTC holdings by $4.1 billion, but on-chain data suggests the rally may be speculative.
A 12% monthly increase? That's hilarious. MSTR finally stops falling and everyone blows it up like this. On-chain data says this was driven by speculative buying, I already said that these so-called “institutional buys” are all leveraged paper wealth. Once liquidity is pulled, see how long this 12% can last? Don’t be fooled by the monthly candlestick, focus on the actual turnover rate. 👇👇👇👇👇