I am not sure who is feeling pain from a 10% drop at this point. Are they levered up, or have they just been under a rock for 14 years?
Discussion
I wouldn't say feeling the pain but we was averaging up all March to August, 6 months, so then the 10% drop hurt profit ratios.
Depends on when the DCA started you may be back to negative now.
I think it’s a bit of a silly metric. The sats that I bought this past month and then took off exchange to cold storage are all technically underwater. Basically anyone who DCAs has short-term unrealized losses.
The interesting thing is they are seeing some of those short-term holdings being sent back to the exchange implying they might be getting ready to sell more.
Either way, more cheap sats that I’ll be taking out of circulation.
Here you go… this says it all nostr:note1r054hmle2ze8p37csr3f7y2me68c28r5dnhafxxyydg9uj2u5ndqt4xmwq