Traders have adopted a bearish stance on MicroStrategy (MSTR) as the company approaches its earnings report on October 30. On the prediction market Polymarket, the probability of MicroStrategy surpassing its quarterly expectations is pegged at just 18%. Analysts from 10x Research attribute this sentiment to reduced Bitcoin volatility and a normalization of the company's net asset value premium. Despite the bearish outlook from traders, sell-side analysts remain optimistic, with 9 out of 14 predicting nearly 100% upside potential for the stock. Currently, MSTR is trading at approximately $265, marking a decline of nearly 30% from its July peak of around $400.