Strategy Up Nearly 20% From Monday Lows, Bearish Pressure Suggests Short-Term Floor

Strategy (MSTR) Shows Signs of a Potential Bottom Amid Peak Criticism

When critics shift from skepticism to outright derision, it can indicate a stock is nearing a bottom. Strategy (MSTR) may be approaching that point—not because of technical or fundamental changes, but due to the sheer volume of mockery and anger reaching classic capitulation levels.

The wave of criticism followed a Sunday night/Monday morning drop in bitcoin and MSTR. Angel investor Jason Calacanis urged followers to sell MSTR and buy bitcoin, calling the stock “a stunning pyramid [scheme],” while Peter Schiff labeled it broken and Michael Saylor “the biggest con man on Wall Street.” Even the Financial Times noted Strategy’s performance now seems erratic and disconnected from its rhetoric.

Amid the backlash, Strategy found support around $155 on Monday, closed above $170, and rose above $180 on Tuesday. Bitcoin rebounded from below $84,000 to $90,000. While it’s too early to confirm a bottom, the intensity of capitulation is notable.