CryptoQuant Analyst Advises MicroStrategy to Halt Bitcoin Purchases Amid Bear Market

A senior analyst at CryptoQuant has recommended that MicroStrategy, known as the largest corporate holder of Bitcoin, should consider pausing its Bitcoin acquisitions during the ongoing bear market. According to NS3.AI, the analyst suggests that the company hold onto cash reserves and wait for more favorable market conditions, which could be months away, to avoid purchasing at market peaks. Despite this advice, MicroStrategy's founder, Michael Saylor, intends to persist with quarterly Bitcoin acquisitions while maintaining the company's existing holdings.