The craziest in history? MSTR leads the Bitcoin frenzy in the US stock market!

Under the "Bitcoin Frenzy (BITSANITY)," Bitcoin leader MicroStrategy (MSTR) has also become increasingly popular. On Thursday, November 21, the trading volume of MSTR exceeded the total of the U.S. spot Bitcoin ETF, accounting for a large portion of the trading volume in the U.S. stock market that day, with the stock price rising as much as 14.6% during the day, reaching a historic high, but then plummeting sharply, falling over 25% from the day's high of $536.7 per share to close at $397.28 per share. On the same day, the price of Bitcoin rose 5% to reach a historic high of $98,311; the total trading volume of the "Bitcoin Industrial Complex" (including the U.S. spot Bitcoin ETF, MSTR, Coinbase, and other stocks) reached a record $70 billion, far surpassing the previous day's record of $55 billion; the asset size of the U.S. spot Bitcoin ETF broke the $100 billion mark. On November 24, Bloomberg ETF analyst Eric Balchunas posted on social platform X: Even the most intense week of GameStop Mania (referring to the investment frenzy around the GameStop stock in early 2021) cannot compare to MSTR's trading volume of $136 billion last week! Amazon has never had a week like MSTR! As of Friday's U.S. stock market close, MSTR was at $421.88 per share, having risen over 500% this year. From the perspective of ETFs, the "Bitcoin Frenzy" is even more pronounced. On November 21, the asset size of the U.S. spot Bitcoin ETF broke the $100 billion mark. According to Farside Investors data, since the U.S. securities regulator approved the launch of the spot Bitcoin ETF on January 11 this year, a total of $29.3 billion has flowed in. Among them, the iShares Bitcoin Trust ETF (IBIT) issued by BlackRock has performed the best among all Bitcoin products, attracting $30.2 billion in inflows, while the Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF ranked second and third with inflows of $11.2 billion and $2.7 billion, respectively. Balchunas pointed out that the size of the U.S. spot Bitcoin ETF has reached 82% of that of gold ETFs; however, gold ETFs have been trading in the U.S. market since November 2004, nearly 20 years earlier than Bitcoin ETFs Balchunas described this astonishing data as: "Bitcoin Frenzy!"