# mstr

MicroStrategy (#Strategy / MSTR) currently in this round's top structure, almost mirrors the performance before and after the previous BTC bull market.
It's not the price, but the structure itself.
Let's start with a few highly similar aspects.
First, BTC's subsequent price keeps hitting new highs, but MSTR does not.
On the contrary, MSTR forms a lower high, a typical relative weakness turning into weakness structure.
Second, from the all-time high, MSTR's maximum drawdown is also over 70%.
This magnitude has already been fully demonstrated by the market in the previous cycle.
In other words,