AAPL has the largest USD cash balance of any company on earth and will be the biggest investor on record in dollar terms in BTC
After BTC crashed to 29k, the signal that it was going to recover and go to a record was to be found in AAPL
That is not a coincidence since AAPL has the largest USD cash balance of any company on earth
The market is anticipating...
This is a typical accumulation PA which is expected when institution are accumulating
It is surely AAPL that is converting their cash reserves to BTC, or Michael Saylor buying more
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Reasons are well-known
Declining inventories
Capex declining for years
Demand is growing from EM
Reserves are also in decline
Capex going to less capital efficient renewables
Since the old high in Nov-2021 BTC has gone down a bit but it's only a temporary retreat
The institutions are in and now AAPL will start accumulating it's BTC account
