CryptoQuant CEO: MSTR's Bitcoin holdings premium has returned to the levels seen during the 2021 bull market

ChainCatcher message, CryptoQuant CEO Ki Young Ju posted on X: "The Bitcoin holding premium of MSTR has returned to the levels seen during the 2021 bull market.

Its premium peaked in mid-2021 but never fell below zero during the last bear market. During this period, the GBTC negative premium rate dropped to -48%, triggering a crisis as leverage was unwound.

Michael Saylor knows how to handle leverage. During the 2022 bear market, he kept MicroStrategy stable and effectively managed Bitcoin market risks."