Asia Morning Briefing: Prediction Markets Still Expect Big MSTR Buys Even as Saylor Prepares for a Weak Market
CryptoQuant suggests MicroStrategy is pivoting defensively, yet prediction markets still anticipate routine, smaller Bitcoin buys from the firm.Summary
A CryptoQuant report indicates that Michael Saylor's company, MicroStrategy (MSTR), is structurally shifting from aggressive Bitcoin accumulation to balance-sheet protection, evidenced by a growing USD buffer and language suggesting hedging or selling in stressed conditions. This defensive posture contrasts sharply with bets on prediction markets like Polymarket, where traders still price in routine, smaller Bitcoin purchases, viewing them as a high-probability event despite the scale shrinking significantly. MSTR's average purchase size has dropped substantially, and with overall corporate accumulation slowing, the market faces a different supply landscape in 2026, potentially requiring new demand sources to sustain upward trends. In market movements, Bitcoin stabilized near $93,000, Ether climbed above $3,100, and gold saw a slight dip ahead of U.S. inflation data.
(Source：CoinDesk)