Monthly MACD on BTC looks horrific.
MSTR is in a bad spot though, the entire US market is in a state of trimming the fat. It's focused on genuine utility and increasing profit margins as much as possible, most of it with price increases and layoffs. And in many cases the larger corps and working on prioritising enterprise deals over consumer offerings. MSTR does literally nothing.
There's a small chance that Strategy Inc will do very badly in a bear market. And if they start selling Bitcoin, it will be terribly bad for the entire market. But it's a small probability, and I wouldn't want that scenario to happen.
Yeah I can't imagine any actual capital being interested in investing in it when it does nothing. All it does is hoard debt and hold BTC. And right now all big money wants is improved profit margins, faster gains.