Nine Smart-Money Wallets Net Long $2.5M on MicroStrategy After 41% Plunge
MSTR•MicroStrategy stock plunged roughly 41% over the past month, outpacing Bitcoin's decline. Nine smart-money wallets now hold a net long of $2.5M—with $6.1M in longs versus $3.5M in shorts and a 1.74 long-to-short ratio.
1. Crash Depth and Bitcoin Comparison
MicroStrategy shares declined about 41% over the past month, exceeding Bitcoin’s own downturn during the same period and marking one of the steepest monthly slides in the stock’s recent history.
2. Smart-Money Futures Positioning
Nine wallets labeled as smart money hold a combined net long of $2.5M in perpetual futures, with $6.1M in longs and $3.5M in shorts, boosting the long-to-short ratio to 1.74—up from just three wallets in May.
3. Whale Wallet and Options Market Analysis
In contrast, whale-designated wallets remain nearly balanced with a 1.03 long-to-short ratio across a $19.1M book, while options flow data hints at whether traditional equity traders share the crypto-driven reading of the stock.
4. High Bitcoin Correlation and Macro Factors
A 30-day correlation of 0.90 between MicroStrategy and Bitcoin underscores the stock’s proxy relationship to the cryptocurrency, while weak ties to bond volatility and dollar strength indicate the recent selloff stemmed from crypto market pressures rather than macro shifts.
