The weekend was relatively calm, especially with bitcoin:native's price hitting a high of $63,000 on Sunday. This shows that retail investors are still quite interested in the $60,000 range. But once Monday trading starts, it’s hard to say. During the day, it’s priced by Asian investors, and at night, it’s the turn of U.S. investors. At this point, it’s no longer just about those 32 Bitcoins—it’s also about the rising inflation expectations in the U.S. Today, there’s speculation that MSTR bought more BTC again, and I believe it. I’ve shown you guys @saylor’s interviews before. While he’s no longer in the “never sell” camp, he did say he wouldn’t be a net seller. For every BTC sold, they’d buy back even more. This time, the 32 BTC is very likely just a test. After all, MSTR has plenty of cash on hand—they’re not short on money. Plus, the actual purchase could very well exceed 3,200 BTC. But even a 100x purchase can’t ease the market’s concerns about U.S. inflation. If the 32 BTC was the trigger, then rising inflation expectations are the main reason investors are selling. After all, even U.S. stocks are dropping. Over the weekend, I saw news that OPEC+ is increasing its July oil production quota by 188,000 barrels per day. But this is unlikely to ease market pressure. The key issue is still the smooth passage through the Strait of Hormuz. A ton of events are coming next week, especially Wednesday’s CPI report. If the market remains pessimistic, the pullback in U.S. stocks could even surpass that of Bitcoin. Bitget: Join us and you’re VIP! Crypto, U.S. stocks, CFDs—global opportunities, all in one place.