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分析師:MSTR 是比特幣本輪週期的“緩衝器”,為比特幣承壓回撤

2026-01-14 16:27:19

ChainCatcher 消息,CoinDesk 分析師 James Van Straten 發文表示,"本輪周期中,Strategy (MSTR) 承擔了約 75% 的回撤,從而讓比特幣本身不必經歷同等幅度的下跌,因為波動性從現貨比特幣轉移到了 MSTR 普通股上。

與此同時,Michael Saylor 在約 1 倍 mNAV 時大規模發行股票,充當了最後買家,從而在一定程度上抑制了熊市的形成。"

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