[MSTZ's Daily Trading Volume Exceeded $1.53 Billion, And MSTR May Face The Risk Of Disappearing Its "uniqueness Premium"] According To SoSoValue Data, The ETF MSTZ, Which Is Shorting MSTR By 2 Times, Soared To $1.53 Billion In Daily Trading Volume On November 21, While The Previous Daily Average Was Only $84 Million. On The Same Day, Citron Research, A Well-known Short-selling Institution, Announced That It Was Shorting MSTR, Saying That MSTR's Trading Volume Was Out Of Touch With Bitcoin's Fundamentals. Citron Believes That The Increase In Compliant Channels For Bitcoin Investment (such As ETFs, COINs, And HOODs) Has Reduced The Uniqueness Of MSTR As A "compliant Crypto Investment Channel." SoSoValue Analysis Pointed Out That MSTR Previously Enjoyed A High Premium For Its 331,200 Bitcoins, And Its Market Value Once Reached 3.3 Times The Nominal Value Of Bitcoin, With A Premium Of More Than 230%. As The US Regulatory Environment Is Expected To Become More Friendly, Crypto Investment Channels Will Become More Diversified, And MSTR's Uniqueness Premium May Be Weakened. At The Same Time, More Mainstream Funds May Enter The Crypto Market, And The Fundamentals Of Crypto Assets Are Increasingly Valued. If MSTR Continues To Fall, It May Reflect The Market's Shift To Fundamentals-driven Investments. Bitcoin Is Expected To Hit A New High Against This Backdrop, While The Meme Track Is Performing Steadily And The PayFi Sector Is Continuing To Grow