The ETF Opportunities Trust T-Rex 2X Long MSTR Daily Target ETF (MSTU) closed at $7.60 on December 31, 2024, down 9.09% as MicroStrategy's stock continues to face significant pressure due to its close ties with Bitcoin's performance. MicroStrategy (MSTR) has seen its stock price drop over 20% this month, reflecting Bitcoin's own downturn. The company's strategy of heavily investing in Bitcoin makes its stock highly sensitive to the cryptocurrency's price movements. The recent decline in Bitcoin, coupled with profit-taking after its earlier rally, has directly impacted MicroStrategy's stock, leading to a contraction in its modified Net Asset Value (mNAV). Additionally, broader market conditions have contributed to the downward pressure on MicroStrategy. The Federal Reserve's hawkish stance on future rate cuts, as indicated in their December meeting, has dampened investor appetite for risk assets, including cryptocurrencies and tech stocks. This has further weighed on MicroStrategy's stock, which is already under scrutiny for its leveraged Bitcoin acquisition strategy. Concerns over the company's reliance on leverage have fueled bearish sentiment, as investors worry about the potential financial strain during market downturns.