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Suffering from Citron's short selling! "Bitcoin shadow stock" microstrategy experienced a terrifying day, closing down more than 16%.
In the crypto world, a day can feel like a decade in reality. From a historical high to a typical 20% technical bear market, microstrategy only took an hour. For a company with a market cap just breaking 100 billion dollars, a drop of over 30% from its historical peak can happen in a single day. Citron Research claims that microstrategy has effectively turned itself into a bitcoin investment fund. Great respect for microstrategy CEO Saylor, but even he must know that MSTR has become overheated.
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