Bitwise CIO Ties Bitcoin's 20% Rebound To Strategy's $7.2B STRC Buying
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A bitcoin rebound of 20% is reported, with one factor possibly being a strategy's $7.2 billion buying activity. However, opinions on the cryptocurrency's outlook vary, with some pointing to a $3 billion signal as a potential indicator that the worst is over, while others argue that a significant hoard failed to prevent a 30% price drop. The strategy's dividend is also a point of discussion, with some suggesting it could lead to a "death spiral".