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MSTR price has fallen nearly 22% over the past month, closely tracking Bitcoin’s roughly 23% decline over the same period. As Bitcoin’s weakness deepens, pressure is also building on MicroStrategy’s massive BTC treasury. Recent estimates show more than $3.5 billion in unrealized, or “paper,” losses on its Bitcoin holdings.
That drawdown has pushed some Wall Street firms to slash price targets, including a sharp 60% cut from one major analyst. Still, technical charts and capital flow data…