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#我在Gate广场过新年 MicroStrategy has been buying and buying in a bear market, but it still can't save $BTC
MicroStrategy's average holding cost is $76,000, so Bitcoin has now fallen below its average 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 about $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 assume that "Saylor will come to the rescue" and catch this falling knife. He couldn't save it near his average price in 2022, and he won't now either. $BTC $ETH