JPMorgan calls MicroStrategy the "new #بيتكوين signal"

JPMorgan simply says that in this cycle, the #MSTR strategy is more important for the direction of #Bitcoin than its miners.

JPMorgan believes that its miners are no longer the main driver. The real signal comes from major corporate holders who own massive positions in Bitcoin #BTC —those who don’t flinch during downturns and don’t inject money at every dip.

The recent volatility was caused by fading leverage, not by long-term investors losing confidence. In fact, the stability of the MSTR strategy helped prevent the market from collapsing further.

JPMorgan’s conclusion is simple: if the MSTR strategy holds, #البيتكوين will have room to recover and rise once inflows return.
$BTC