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