Honestly, speaking I dont understand your whole point why you accuse the Microstrategy announcement as the reason why the Bitcoin price sharply fell down based only on buying announcement for me that's crazy, and why the price would be affected if that announcement was positive because it's buying, for me it's not related and I think there are other reasons why the Bitcoin price fall sharply on that day and definitely not because of the buying announcement from Microstrategy. that's my opinion about it.
It's funny to blame institutions like Microstrategy. If the author knows the Bitcoin cycle then actually blaming it is not true. The Bitcoin market is running in the Bearish period. Market saturation, investors waiting for each other and poor global economic conditions caused the price of bitcoin to fall. Of course, if you look at the current position is an opportunity for us to have bitcoin at a cheaper price. Luna's purchase as a reserve asset for stable coins also has no traction. While Microstrategy of course I think is a business strategy then I consider it reasonable. I honestly feel happy because the institutions of large companies are increasingly believing in Bitcoin. We are only told to be patient because many people are sure that a new ATH will come.
