I felt like the market close today around 4pm was really wonky (mstr up and BTC up to 70k) then all of a sudden bitty dumps
this is really interesting and why you should NOT play with leverage...
a fund was long btc and short mstr ... mstr went up which bankrupted the fund causing them to sell btc
so they were right Bitcoin would go up but did something really stupid and blew themselves up
https://twitter.com/Rewkang/status/1768382949781647733
Degens doing degen shit
Please Login to reply.
just degening a billion dollars away lol
Just a bunch of 0's on paper, to them probably, anyways.
yeah, but in this case they may have lost the entire fund
What's mstr btw?
saylors company microstrategy, just the stock ticker