The market sentiment is currently very bearish because a large amount of funds have been pulled into traditional industries.



#我在Gate广场过新年 MicroStrategy has been buying nonstop during the bear market and it still can't save $BTC
MicroStrategy's average cost basis is $76,000, so Bitcoin has now fallen below its average purchase price. But most people don't realize: this has happened before, and it didn't stop the decline.
In May 2022, MicroStrategy's average price was around $30,700. After Bitcoin broke below that, many thought it was the bottom. But by November 2022, Bitcoin dropped to $15,500, almost 50% below Saylor's cost basis.
Don't try to catch this falling knife just because you "think Saylor will come to the rescue." He couldn't save it near his average price in 2022, and he won't now either. $BTC $ETH
BTC-2,26%
ETH-5,44%
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