The crypto world is buzzing after the Defiance Daily Target 2x Short MSTR ETF (SMST) skyrocketed 19% last week – its best performance since February. This isn't just a minor blip; it’s a powerful signal.
The bullish marubozu candlestick, coupled with massive outflows from the long MSTR ETF and net inflows into SMST ($16.3 million over six months), paints a stark picture.
Long-term Bitcoin holders and MSTR investors should be paying close attention. This suggests a significant shift in market sentiment, potentially signaling a broader bearish trend for both Bitcoin and MicroStrategy's stock price.
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