MicroStrategy’s Implied Premium to Bitcoin Settling Into New Norm, BTIG Says
The broker increased its MicroStrategy price target to $1,800 from $780 while maintaining its buy rating on the stock.
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Ethena Onboards Bitcoin as Backing Asset to Make USDe ‘Safer’
The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.
MicroStrategy Trades at an Unjustifiable Premium to Bitcoin: Kerrisdale Capital
The bitcoin price implied by MicroStrategy’s share price is $177K, two and a half times the spot price of the cryptocurrency, the report said.
Crypto Stocks Like MicroStrategy, Coinbase Could Shoot Up if Short Sellers Exit
They are “very squeezable” due to short sellers’ large positions, according to a report by veri analytics firm S3 Partners.
Bitcoin ETF Approval Tipped to Be ‘Sell The News’ Event: CryptoQuant
Bitcoin could fall to as low as $32,000 next month if an ETF is approved.
Bitcoin ‘Short Squeeze’ Bumps Prices to Nearly $37K as Spot ETF Hopes Strengthen
Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices.
Bitcoin Bounce Puts Altcoin Bears at Risk
Bitcoin’s bounce amid fears of FTX creditor liquidation might shake out altcoin bears, leading to a sharp rally in recently shorted tokens like solana.