TechFlow News — Matrixport's latest report指出 that MicroStrategy has become an unofficial spot Bitcoin ETF. Since the end of December, MicroStrategy’s stock price has dropped 14%, Coinbase fell 18%, Marathon declined 8%, while Bitcoin rose 8%. The overlapping time series give the impression that MicroStrategy is pricing Bitcoin at $38,000.
This may suggest that demand from traditional finance (TradeFi) investors is not as strong as market commentators have claimed, as broader crypto equities sold off and failed to follow Bitcoin’s upward movement.
The put option expiring on January 12, 2024, with a strike price of $40,000, currently has an implied volatility of 130%.




