BitMEX Research: Saylor Holds Profits on Bitcoin Buys

BitMEX Research pushed back on Arkham data showing Michael Saylor spent $64 billion for $50 billion in Bitcoin, stressing that premium-priced equity raises still delivered substantial shareholder value even as BTC declined modestly.

With price testing upper Bollinger resistance at $68453.94 while RSI(14) sits at 27.83 in oversold territory and MACD confirms a death cross at -2446.42, a healthy retracement toward the EMA50 support at $68083.63 looks probable before any sustained move lower toward the lower band at $59726.8.