According to Ki Young Ju, capital inflows into Bitcoin have dried up and liquidity channels are now more diverse, making the timing of inflows pointless, source: Ki Young Ju (@ki_young_ju) on X, Jan 8, 2026. He states that long-term institutional holders have disrupted the prior whale-to-retail sell cycle in BTC, source: Ki Young Ju (@ki_young_ju) on X, Jan 8, 2026. He adds that MicroStrategy MSTR is not dumping any significant portion of its reported 673k BTC, source: Ki Young Ju (@ki_young_ju) on X, Jan 8, 2026. He says capital has rotated to stocks and shiny rocks and he does not expect a 50% or greater drawdown from the all-time high, anticipating a few months of sideways action in BTC, source: Ki Young Ju (@ki_young_ju) on X, Jan 8, 2026. He cautions that shorting here in hopes of a sharp crash is unlikely to pay off, source: Ki Young Ju (@ki_young_ju) on X, Jan 8, 2026.

According to @santimentfeed, social data shows the biggest midweek jumps in discussion for SOL, ETH, BTC, MSTR, LTC, and XRP, highlighting where traders are currently focused (source: Santiment). SOL chatter is tied to a bullish recovery, 2026 price talk, reported institutional interest including mentions of Morgan Stanley ETF filings with the U.S. SEC, network upgrades, tokenization, and ETF inflows driving momentum and participation (source: Santiment). ETH mentions center on price action, technology, DeFi and institutional use, payments, and a spot ETH ETF filing attributed to Morgan Stanley as a driver of adoption narratives (source: Santiment). BTC discussion highlights ETF developments, major institutional entrants, Japan nearing a Bitcoin ETF approval, whale accumulation, reduced exchange supply, and price references around 91,500–93,000 (source: Santiment). MSTR debate includes its stock volatility, MSCI index status, and the impact of its BTC treasury on crypto sensitivity, with MSCI retaining MSTR in indexes linked to a price lift (source: Santiment). LTC discourse focuses on blockchain infrastructure relevance, hiring for Litecoin node management at Fidelity Digital Assets, trading community activity, and liquidity on venues like Bison (source: Santiment). XRP buzz cites institutional interest, strong ETF inflows and net assets, technical signals versus BTC, adoption in Japan, bridge-asset use, post-SEC-case regulatory clarity, and increased mainstream attention including CNBC mentions (source: Santiment).

According to @BullTheoryio, on October 10 MSCI (originally a Morgan Stanley division) proposed removing Digital Asset Treasury Companies like MicroStrategy and Metaplanet from its global indexes, a move that could force passive selling and reduce institutional Bitcoin exposure, source: @BullTheoryio. According to @BullTheoryio, minutes after the proposal Bitcoin dropped nearly $18,000 and over $900 billion was erased from total crypto market cap, source: @BullTheoryio. According to @BullTheoryio, the consultation ran until December 31, creating a three‑month overhang where passive investors avoided exposure, index-linked funds faced forced-selling risk, prices stayed weak, sentiment collapsed, and BTC fell about 31% in what they describe as the worst quarter since 2018, source: @BullTheoryio. According to @BullTheoryio, from January 1 Bitcoin rallied roughly 8% in the first five days of 2026 from $87,500 to $94,800 without new bullish news, suggesting selling pressure eased and potential insider positioning, source: @BullTheoryio. According to @BullTheoryio, on January 5–6 Morgan Stanley filed for spot BTC, ETH, and SOL ETFs and MSCI said it would not remove the crypto-heavy companies, effectively withdrawing the rule that had pressured markets, source: @BullTheoryio. According to @BullTheoryio, this sequence fits a pattern—create pressure, accumulate at lows, launch product, remove pressure—positioning beneficiaries for the rebound, while noting there is no official confirmation of coordination, source: @BullTheoryio. According to @BullTheoryio, with the overhang gone and institutional products filed, liquidity is returning and the rebound setup favors BTC and crypto-exposed equities such as MSTR and Metaplanet in the near term, source: @BullTheoryio.

According to @BullTheoryio, MSCI confirmed it will keep Bitcoin treasury companies such as MicroStrategy (MSTR) in its indexes, removing forced-selling risk that fueled prior FUD and easing fears linked to the October 10 drawdown narrative (source: @BullTheoryio on X, Jan 7, 2026). According to @BullTheoryio, MSCI also changed its index methodology so that when these companies issue new shares, the index will not increase share count, eliminating the automatic passive purchases that index trackers previously had to make on new issuance (source: @BullTheoryio on X, Jan 7, 2026). According to @BullTheoryio, the author’s example shows that a 20M-share issuance at $300 once implied about $600M of forced index-tracker demand, but now it implies zero incremental passive buying, which reduces capital-raising capacity for additional BTC purchases and explains why BTC and MSTR did not spike on the headline (source: @BullTheoryio on X, Jan 7, 2026).

According to @BullTheoryio, MSCI has announced it will keep Bitcoin and crypto treasury companies in its indexes, addressing concerns that drove selling pressure. source: @BullTheoryio on X, Jan 6, 2026. The author states the Oct 10 selloff erased $19 billion in a single day and that this decision removes fears that MicroStrategy MSTR would be forced to sell its BTC holdings, framing the update as bullish for the crypto market. source: @BullTheoryio on X, Jan 6, 2026.

According to the source, Bitcoin (BTC), Ethereum (ETH) and XRP hit multi-week highs, with crypto-exposed stocks jumping alongside the move; source: the source. Coinbase (COIN) derives the majority of its net revenue from transaction fees that scale with trading activity, linking the stock to crypto market volumes; source: Coinbase Global, Inc. 2023 Form 10-K. MicroStrategy (MSTR) holds a substantial Bitcoin position on its balance sheet, making the equity a high-beta proxy for BTC price direction; source: MicroStrategy Incorporated 2023 Form 10-K. Bitcoin miners such as Riot Platforms (RIOT) and Marathon Digital (MARA) generate revenue tied to BTC price and network conditions, amplifying sensitivity to crypto rallies; source: Riot Platforms 2024 Investor Presentation and Marathon Digital Holdings 2023 Annual Report.

According to @EmberCN, MicroStrategy (MSTR) made no BTC purchases last week and continues to hold 671,268 BTC valued at $60.441B with a $74,972 average cost and $10.114B in unrealized profit; source: @EmberCN (X, Dec 22, 2025). BitMNR (BMNR) increased its ETH treasury by 98,852 ETH at approximately $2,976 per ETH for a total of about $294M; source: @EmberCN (X, Dec 22, 2025). The update frames these as last week’s moves by the largest BTC and ETH treasury companies, highlighting a pause in BTC buying and active ETH accumulation; source: @EmberCN (X, Dec 22, 2025).

According to the source, U.S. Senators have set a January committee markup for a crypto market structure bill, establishing a defined policy calendar that traders can track for regulatory catalysts, source: public tweet dated Dec 19, 2025. A markup is a formal committee session where members debate, amend, and decide whether to report a bill to the full chamber, which marks a material legislative milestone, source: Congressional Research Service, Committee Markups overview. Regulatory policy events are treated as event risk by markets; crypto majors BTC and ETH and U.S.-listed crypto-exposed equities like Coinbase (COIN) and MicroStrategy (MSTR) are typical watchlist assets for such windows, source: Investopedia, Event Risk; Coinbase 2023 Form 10-K; MicroStrategy 2024 quarterly filings; CME Group BTC and ETH futures product references. Similar U.S. market structure proposals such as FIT21 aimed to delineate SEC and CFTC oversight for digital assets, underscoring why Senate progress on market structure is directly relevant to liquidity, listings, and token classifications, source: U.S. House of Representatives vote records and FIT21 summaries.

According to Kashif Raza (@simplykashif), after a 9‑day tour meeting 20+ crypto experts at IBW 2025 Bengaluru, Binance Blockchain Week Dubai, and Bitcoin MENA Abu Dhabi, attendee sentiment is that the traditional 4‑year cycle is over and the broader bull market is still ahead on rising liquidity, indicating a preference for BTC over weaker altcoins (source: Kashif Raza on X, Dec 12, 2025). According to Kashif Raza, many altcoin projects have gone bankrupt and are looking to sell for minimal value, while only a small set of use‑case‑driven altcoins may rally in 2026, implying selective positioning and quality bias (source: Kashif Raza on X, Dec 12, 2025). According to Kashif Raza, privacy is viewed as a major 2026 theme, suggesting potential attention toward privacy‑focused assets as the market turns risk‑on (source: Kashif Raza on X, Dec 12, 2025). According to Kashif Raza, MicroStrategy (MSTR) is expected by attendees to withstand FUD and is characterized as building a central‑bank‑like role on Bitcoin, reinforcing the institutional BTC adoption narrative (source: Kashif Raza on X, Dec 12, 2025). According to Kashif Raza, there is chatter that Abu Dhabi and other Middle Eastern royal families are buying Bitcoin and that gold prices could keep rising, signaling continued demand for hard assets alongside BTC; this suggests a BTC‑over‑altcoins tilt and selective exposure to utility and privacy narratives into 2026 based on the reported conference sentiment (source: Kashif Raza on X, Dec 12, 2025).

According to the source, Twenty One Capital shares fell in their NYSE debut as the market undergoes what the source describes as a broader repricing of Bitcoin treasury-focused equities, source: the provided post. This repricing narrative implies elevated correlation and beta risk for BTC proxy stocks such as MicroStrategy (MSTR) and listed miners if sentiment remains cautious, source: the provided post. Traders should monitor day-one opening range extremes, VWAP adherence, and BTC/USD moves for cross-asset confirmation and potential follow-through across BTC-sensitive equities, source: the provided post.

According to @EmberCN, MicroStrategy (MSTR) purchased 10,624 BTC at an average price of $90,615 last week, totaling approximately $962 million (source: @EmberCN). According to @EmberCN, MicroStrategy now holds 660,624 BTC valued at about $59.82 billion, with a reported average cost basis of $74,696 and unrealized profit of $10.473 billion (source: @EmberCN). According to @EmberCN, Ethereum treasury firm BitMNR (BMNR) also increased its ETH holdings around $2,978 last week, with the quantity not visible in the provided excerpt (source: @EmberCN). For trading, BTC participants can mark $90,615 (reported purchase price) and $74,696 (reported average cost) as reference levels, and note the add represents roughly 1.61% of MSTR’s stack based on the figures shared (source: @EmberCN). For ETH, ~$2,978 can be used as a treasury-linked reference zone based on the reported activity (source: @EmberCN).

According to @StockMKTNewz, @TreasuryEdge stated that Tom Lee and BMNR should announce how much Ethereum (ETH) they bought this past week early tomorrow morning, noting the last couple press releases were around 8:30 AM ET on Monday, source: @StockMKTNewz citing @TreasuryEdge on X, Dec 7, 2025. According to @StockMKTNewz, @TreasuryEdge also stated that Michael Saylor and MicroStrategy (MSTR) should announce how much Bitcoin (BTC) they bought this past week early tomorrow morning, with the last couple press releases exactly at 8:00 AM ET on Monday, source: @StockMKTNewz citing @TreasuryEdge on X, Dec 7, 2025. The source flagged these exact times as the watch windows for any disclosures tied to ETH, BTC, BMNR, and MSTR tomorrow morning, source: @StockMKTNewz citing @TreasuryEdge on X, Dec 7, 2025.

According to @cas_abbe, BTC’s October all-time high in USD was driven by dollar devaluation, with BTC priced in EUR and GBP remaining near Q4 2024 levels; source: Cas Abbé on X, Dec 6, 2025. He adds that the Others/BTC ratio topped in 2024 and has been trending down, indicating persistent altcoin underperformance versus BTC; source: Cas Abbé on X, Dec 6, 2025. Cas Abbé notes that MicroStrategy (MSTR), described as the largest Bitcoin DAT, peaked in Q4 2024, while large caps such as XRP and SOL topped in Dec 2024 or Jan 2025; source: Cas Abbé on X, Dec 6, 2025. Based on these signals, he concludes the crypto bull run ended in Q4 2024 and the market has been in a bear cycle for nearly a year, implying conditions are closer to a bottom than a top and favoring defensive positioning and patience for bottom confirmation; source: Cas Abbé on X, Dec 6, 2025.

According to @santimentfeed, Bitcoin (BTC) dominates social chatter around buying dips, long-term holding, volatility, institutional activity such as MicroStrategy accumulation, and comparisons with ETH and gold, highlighting bear-market strategy debates, source: Santiment (@santimentfeed). According to @santimentfeed, MicroStrategy (MSTR) trends on concerns about market cap versus BTC net asset value, potential BTC sales if thresholds are breached, leverage via stock and debt issuance to acquire BTC, and a reported 1.44 billion dollar reserve for dividends and interest, underscoring positioning risk tied to Bitcoin, source: Santiment (@santimentfeed). According to @santimentfeed, Tether (USDT) attention centers on listings and trading pairs, spot and perpetual markets, exchange campaigns, Telegram payments, and regulatory updates, reinforcing USDT’s role in liquidity and settlement across networks, source: Santiment (@santimentfeed). According to @santimentfeed, DENT is discussed amid Binance monitoring and potential delisting, token swap plans to TUNZ, price pressure, and community trust concerns, signaling elevated event risk for holders and traders, source: Santiment (@santimentfeed). According to @santimentfeed, Chainlink (LINK) buzz focuses on its cross-chain oracle interoperability, Automated Compliance Engine, staking and price moves, and social discussions referencing a potential Grayscale conversion of its private LINK trust into a publicly traded fund as a path to institutional exposure, source: Santiment (@santimentfeed). According to @santimentfeed, Polkadot (DOT) chatter spans price performance, staking and technical updates, plus broader financial contexts like Dot Com Bubble analogies and Federal Reserve liquidity references, reflecting mixed market sentiment, source: Santiment (@santimentfeed). According to @santimentfeed, traders can track these narratives on the Top Trending Coins dashboard to see which projects are driving market attention in real time, source: Santiment (@santimentfeed).

According to @ki_young_ju on X on Dec 1, 2025, selling Bitcoin below 1x mNAV could benefit MicroStrategy (MSTR) shareholders but would hurt Bitcoin, indicating negative price impact risk for BTC. According to @ki_young_ju on X on Dec 1, 2025, the 1x mNAV level is the key threshold traders should watch when assessing potential MSTR-related BTC supply overhang. According to @ki_young_ju on X on Dec 1, 2025, sub-mNAV sales are unfavorable for Bitcoin’s market health even if they support MSTR equity, suggesting caution around BTC exposure if this condition emerges.

According to @BullTheoryio, MicroStrategy (MSTR) has built a USD reserve of $1.44 billion specifically for dividend payments versus $750 million in annual dividends, implying roughly 23 months of coverage (source: @BullTheoryio on X, Dec 1, 2025). The author states this reduces concerns that MSTR would need to sell BTC holdings to meet obligations, potentially alleviating a perceived Bitcoin selling overhang (source: @BullTheoryio on X, Dec 1, 2025). Traders may interpret the extended dividend runway as supportive for MSTR equity and near-term BTC sentiment if selling is not required, as suggested by the author (source: @BullTheoryio on X, Dec 1, 2025).

According to @danheld, traders didn’t need to buy equity in companies holding large Bitcoin treasuries; direct BTC exposure delivers the intended asset beta without corporate idiosyncratic risk (source: @danheld tweet on Nov 25, 2025). For pure Bitcoin exposure, spot BTC or U.S. spot Bitcoin ETFs provide regulated, high-liquidity access and tighter price tracking than operating-company equities, which embed leverage, dilution, and business risk that can materially diverge from BTC performance (source: U.S. SEC approval of spot Bitcoin ETFs on Jan 10, 2024; ETF issuer prospectuses such as iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund; MicroStrategy Inc. 10-K/10-Q disclosures on debt-financed BTC purchases). Proxy equities like MicroStrategy (MSTR) can amplify upside and downside due to convertible debt and at-the-market share issuance, creating tracking error relative to BTC that is not present in spot holdings or spot ETFs (source: MicroStrategy Inc. SEC filings detailing BTC treasury strategy, convertible notes, and equity issuance programs). For instrument selection, traders should compare tracking error versus BTC, liquidity and bid-ask spreads, management fees for spot ETFs that are generally below 1%, and futures financing costs and basis dynamics on CME Bitcoin futures before choosing exposure (source: ETF sponsor prospectuses; CME Group Bitcoin futures contract specifications and market data). If the goal is Bitcoin beta with minimized non-BTC risks, direct BTC or spot ETF exposure aligns more closely with @danheld’s guidance than buying “Bitcoin treasury” company stocks (source: @danheld tweet; U.S. SEC spot ETF approvals; issuer and corporate filings).

According to @StockMKTNewz, Prospero AI’s net options sentiment scores rank Meta (META), MicroStrategy (MSTR), Google (GOOGL), Eli Lilly (LLY), Regeneron (REGN), Nektar (NKTR), Alibaba (BABA), Lululemon (LULU), Natera (NTRA), and Nvidia (NVDA) as the highest names to watch for elevated positive options activity; source: @StockMKTNewz on X. For crypto-focused traders, MicroStrategy’s presence is notable because the company holds Bitcoin on its balance sheet, offering direct BTC-linked equity exposure; source: MicroStrategy investor relations.

According to @Andre_Dragosch, JPMorgan’s market cap is about $811 billion while MicroStrategy (MSTR) is around $50 billion, framing a relative-value setup for BTC-linked equity exposure. Source: @Andre_Dragosch (X, Nov 24, 2025). He states that if BTC rises 10x from current levels and MSTR trades at 2x modified NAV, MSTR’s valuation could approximate JPM’s over a 5–10 year horizon. Source: @Andre_Dragosch (X, Nov 24, 2025). He adds that this outcome is quite likely within the next 5–10 years in his view. Source: @Andre_Dragosch (X, Nov 24, 2025).

According to @Andre_Dragosch, MSTR will most likely become the next JPMorgan, meaning the biggest financial institution by market capitalization, as stated in his X post on Nov 24, 2025 (source: André Dragosch on X, Nov 24, 2025). This public call communicates a strong bullish view on MSTR that traders can register as a sentiment signal for equity positioning and watchlist priority (source: André Dragosch on X, Nov 24, 2025).