According to @Andre_Dragosch, traders can use the MSTR (MicroStrategy) NAV premium as a reliable proxy for Bitcoin (BTC) return expectations. A higher MSTR NAV premium signals increased BTC return expectations among market participants, while a lower premium or discount points to subdued sentiment. Notably, there is a strong correlation of approximately 0.62 between the MSTR NAV premium and the BTC basis rate, which further supports its value as a leading indicator for crypto traders looking to gauge market sentiment and potential price movements. (Source: @Andre_Dragosch on Twitter, June 17, 2025)