source avatarMrBitcoin

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Coinbase premium at its highest levels since mid-March, back then Saylor has bought $3 Billion worth of BTC and spoofed the price just for it to go from $76k highs back down to $66k. Kinda skeptic this current behavior as a saylor twap or buying for his $STRC (stretch) model that dilutes (sells) $MTSR stock to buy $BTC. If that was the case, this move higher won't sustain as the moment the twap stops seller absorption will disappear, and we'd go back into a rangy environment post failed breakout  Orderbook currently imbalanced to the seller side with 0-5% depth at $100M As of technicals as long as we hold $72k this could translate into a meaningful breakout, lose it and back into $69.8k

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