Bitcoin hits a new all-time high at $111,500, but MSTR fails to follow, trading flat near $403 despite bullish chart structure and BTC exposure.
Dilution risk, ballooning losses, and growing short interest are dragging sentiment—this break in correlation isn’t random. Watch for a breakout... or a breakdown.
Beware: when the asset outperforms the proxy, someone’s mispriced.
#Bitcoin #MSTR #CryptoMarkets #TradFi