Happy Thursday!

Bitcoin is still a good bet, according to a millionaire trader who lost eight figures during the recent liquidation cascade: here’s why he’s aggressively accumulating.

MSTR is down to $280 as the company’s Bitcoin accumulation is going the slowest it has in five years: why is that?

Plus, check out Benzinga Pro to see market-moving headlines first, scan live movers and set custom alerts for your tickers ahead of next week’s Fed meeting.

TOP STORY

Millionaire Trader Lost 8 Figures But Still 'Aggressively Accumulates Bitcoin'

Pseudonymous millionaire trader Unipcs cautions that talk of a crypto cycle top is overblown and urges traders to maintain a long-term perspective.

Unipcs highlighted that 25%–30% corrections in Bitcoin during bull runs are normal, and the recent 19.6% pullback falls well within historical ranges.

Even a drop to $88,000 would not be unprecedented, though he doesn’t expect it.

The reaction of Bitcoin and altcoins after the massive Oct. 10 liquidation event further supports the view that the cycle has not topped.

Read the full scoop here.

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin are consolidating on Thursday as traders wait for tomorrow’s inflation data: here’s what’s driving the market today.

Dogecoin just can’t get going but Shiba Inu’s burn rate is exploding again — what is going on?

XRP and Solana are getting new competition in the treasury asset space: a new company is aiming to raise $1 billion to buy Hyperliquid tokens.

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FINTECH FOCUS

MSTR Down To $280 As Bitcoin Accumulation Pace Slows To 5-Year Low

Strategy Inc. is down to $280 on Thursday, extending its weekly decline as slowing Bitcoin accumulation and weakening technicals put the stock at risk of a breakdown.

New data from Protos shows that the company, the world’s largest corporate Bitcoin holder, added only 388 coins so far in the fourth quarter — the slowest pace in five years. 

That represents a 0.1% increase from the 640,031 Bitcoin held at the end of the third quarter, far below the double-digit growth rates recorded in previous years.

Read the full scoop here.

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