There's probably some professional traders taking profit at the current price level. They probably believe it's going to be another phase of accumulation and that their capital might be use more efficiently somewhere else? But if they still want to trade in something else, AND still something related to Bitcoin, then they will definitely like MSTR. I believe it's trading at 1.XX NAV which could go in premium when Bitcoin surges again.

I'm a mere pleb though, simply a shower-thought of what could be possible.

 ¯\_(ツ)_/¯