Strategy Shares Fall 11% From Weekly High as Bitcoin Rejects $87,000 Again
- —MSTR closed at $151.47, about 11% below the October 2 high of $170.17
- —Bitcoin failed three times since late September to clear $86,500–87,000, sliding to $80,400
- —$166 million in Bitcoin positions were liquidated, including $156.69 million in longs
- —Strategy bought 334 BTC for $28.7 million at an average price of $85,838.80
Why it matters: With a 30-day beta of 2.28 to Bitcoin, MSTR amplifies crypto moves, making its slide a barometer for market sentiment.
Source: The Crypto Times