<ul><li>Metaplanet's stock is trading at a 447% premium, suggesting Bitcoin is worth $596,154, alarming analysts about a potential NAV distortion and downside risk.</li><li>10x Research highlights the significant valuation mismatch between Bitcoin and Metaplanet's stock, warning of dangers associated with such a distortion.</li><li>The sharp rise in Metaplanet's stock price is seen as an anomaly in the market, signaling potential broader market inconsistencies, particularly in Japan's bond market and crypto-linked stocks.</li><li>Investors are cautioned about potential overpayment and detachment from fundamentals, with a suggestion to reassess and realign with NAV, possibly even considering a short position to avoid negative market corrections.</li></ul>

Metaplanet Bitcoin Premium Hits 447% — Time to Short?

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