Grayscale's Zach Pandl suggests MicroStrategy sell $3 billion in Bitcoin to cover cash obligations, but CryptoQuant offers alternative support for STRC.
CryptoQuant analyst Darkfost states that Bitcoin's unspent transaction outputs (UTXOs) signal an ongoing market capitulation, historically profitable for long-term investors.
CryptoQuant has urged MicroStrategy to pause its Bitcoin acquisition strategy, citing shrinking dividend coverage, while CBOE explores crypto perpetual futures.
MicroStrategy's cash reserves have dropped by 38%, reducing dividend coverage from seven years to 14 months, prompting CryptoQuant to advise pausing Bitcoin buys.
CryptoQuant reports MicroStrategy's STRC cash cushion has shrunk from seven years to 14 months, with a $10.6 billion paper loss from Bitcoin buys.
Euro-denominated trading accounts for only about 1% of Binance's spot volume, according to CryptoQuant, as MiCA's July 1 deadline approaches.
Despite signs that Bitcoin's bear market is bottoming out, on-chain analytics firm CryptoQuant reports a significant decline in investor demand.