BREAKING: Investment Strategy Plunges Below Critical 200-Day Moving Average as Shares Get Absolutely Crushed by Bitcoin’s Dominance

Wall Street's latest 'crypto-correlated' play just face-planted through its most crucial technical floor—the 200-day moving average. And Bitcoin isn't just winning; it's humiliating traditional equity strategies.

THE UNDERPERFORMANCE GAP WIDENS

While Bitcoin continues its relentless climb, this strategy's shares are dragging anchor. No clever hedging or portfolio theory is saving it now. The numbers don't lie—and right now, they're screaming failure.

GRAYSCALE'S GHOST IS LAUGHING SOMEWHERE

Remember when institutions swore they could outperform raw crypto exposure with 'sophisticated' products? Yeah—another case of overpaid analysts inventing complexity where none was needed. Sometimes a spot ETF is all you really need.

This isn't a dip—it's a statement. And the statement is painfully clear: in the tug-of-war between analog finance and digital assets, one side is getting rope burn.

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.