Main points
- JPMorgan’s Retail Sentiment Score suggests Investors are extremely optimistic about BTC and related products.
- MicroStrategy and Metaplanet’s aggressive BTC acquisitions are paying off MSTR stock is up 55.51% so far this month, and JP:3350 is up 57.63%.
- High put skewness for MSTR options indicates extreme bullishness, which may Become a precursor to market adjustment.
JPMorgan’s retail confidence score hit a record high of four points, indicating Investors’ outlook is extremely optimistic. Last week, $BTC climbed to an all-time high (ATH) of $93.4K, with the $BTC ETF seeing over $1.6B in inflows.
Investment giants like Metaplanet believe the bull market is far from over. Metaplanet announced a bond sale this morning to replenish its $92.3 million BTC reserves.
Without further ado, let’s analyze the current market conditions.
Retail Longs Betting on BTC and MSTR
JPMorgan’s Retail Sentiment Score measures retail investor sentiment towards BTC and the broader crypto market. It considers data from sources such as social media, online forums and trading platforms.
J.P. Morgan’s equity research team noted Retail Sentiment on USD BTC Products Sees Multi-Sigma Surgeincluding IBIT $BTC ETF (+3.4z) and COIN (+6z).
However, SoSoValue data shows $BTC ETF has third highest outflows since launch (over $400 million) January 11, 14. Outflows came primarily from Fidelity’s $FBTC and ARK 21Shares’ $ARKB ETF.
Investors are also bullish on MicroStrategy’s MSTR stockThis was evident on Wednesday when one-year 25 delta put skewness plummeted to a record low of –26.7%.
This means that investors pay a significantly higher premium for calls (betting that the stock price will rise) than for puts (betting that the stock price will fall).
It is worth noting that a Corrections typically follow all-time highs. Unless BTC continues its parabolic uptrend, MSTR price is likely to see some degree of pullback.
More Green Dots from MicroStrategy
On Sunday, Michael Saylor posted a screenshot of the MicroStrategy Portfolio Tracker and said Need “more green dots”,” which represents the purchase of BTC USD.
Michael Saylor is a well-known BTC maximalist, so it’s not surprising that he hinted at new investments. Thaler also issued a similar statement last time, MicroStrategy buys $2B worth of BTC, bringing its portfolio to $23B.
this Company aspires to raise $42B by 2027 Fund future BTC investments through stocks and convertible bonds. The ultimate goal is to become the world’s leading BTC bank.
Following in the footsteps of MicroStrategy, Tokyo-listed investment company Metaplanet announced plans to use all proceeds from its 1.75B yen (approximately $11.3 million) one-year bond issuance for acquisitions in BTC, with an annual interest rate of 0.36%. To date, Metaplanet has accumulated over $1,000 in BTC, worth $92.3 million.
October, Metaplanet adopts “$BTC Yield” It measures the percentage change in total BTC holdings versus fully diluted shares outstanding as a KPI. Metaplanet aims to evaluate the effectiveness of its strategies by tracking BTC returns.
Is a correction coming?
The CMC Cryptocurrency Fear and Greed Index currently stands at 83. Despite BTC’s strong performance, for risk-averse investors, Such high values are a worrying sign.
Is the market overheated and in need of a correction, or will it continue to be crazy?
We’ll have to wait and see.
source
Central to Technical Reports’ editorial policy is the provision of useful, accurate content that provides real value to our readers. We only work with experienced writers who have specific knowledge on the topics they cover, including the latest developments in technology, online privacy, cryptocurrency, software, and more. Our editorial policy ensures that every topic is researched and curated by our in-house editors. We maintain strict journalistic standards and every article is 100% written by authentic authors.
