BREAKING: Strategy Plunges Below 200-Day Moving Average as Shares Get Demolished by Bitcoin’s Rally

Another day, another traditional finance strategy getting steamrolled by digital assets.

THE TECHNICAL BREAKDOWN

That key 200-day moving average? Shattered. The line that institutional investors treat like holy scripture now serves as brutal resistance. This isn't a dip—it's a full-scale technical failure.

THE PERFORMANCE GAP

While Bitcoin continues its relentless climb, these shares are stuck in reverse. The divergence isn't just noticeable—it's embarrassing. Traders are voting with their capital, and they're choosing decentralized protocols over legacy structures every time.

THE BIGGER PICTURE

This underperformance screams volumes about shifting market sentiment. When a benchmark crypto asset consistently outpaces traditional equity strategies, maybe the problem isn't the strategy—it's the entire outdated playbook. Another quarter, another fund manager explaining to clients why they missed the digital revolution.

Chanos notches a win

Famed short-seller James Chanos has been publicly bearish on Strategy for a number of weeks, saying he's opened up a sizable bet against the Michael Saylor-led company by shorting MSTR against a long in bitcoin.

Of late, the trade has been looking like a winner, with MSTR lower by 21% over the past month compared to bitcoin's very modest 3.5% decline.

Market technician J.C. Parets noted on Wednesday that the ratio between MSTR and IBIT (BlackRock's spot Bitcoin ETF) has now fallen to a five-month low. "This one is accelerating quickly," said Parets.