as the mstr mnav has squeezed, people who borrowed against their stock have been margin called
they sell bitcoin to cover the call
which drives bitcoin and mstr lower
vicious feedback loop
have heard a few direct reports of this, probably part of the reason for the dump to 112k
Did you know the price can be manipulated 'on the back end'?
Something to do with resetting clocks and stuff.
I have also heard reports of massive LTV reductions against MSTR as well. Even “responsibly levered” people are becoming forced sellers because of an advance rate change.
Heard that on some podcast… Levels dropped from like 40% to 5%…
Yes. 1031 podcast recently talked about that
i can also imagine a “rotation to alts” shift on the margin
Heard their most recent call had language suggesting they might issue shares (or whatever they do, I don't follow too close) below mnav of 2.5, counter to some expectations/promises 🍿
Stay humble and stack Sats is a strategy. But Strategy doesn't stay humble and stack Sats.
Some people will never learn 🤷♂️
It's 41c/105f here in the jungle today.
I'm going to hold a beach ball underwater and then laugh like Simple Jack when it erupts out of the pool.
#metaphor #mstr
Price talk is chump talk. Shoukd be talking about who will build the rocket mass heaters in citadels, not price fagging.
Another cycle of “play stupid games…”🤦🏻♂️ you know the rest
Some of us learned how not to do this with Celsius (looks down at three fingers pointing back).
#winning
Oh, that’s interesting. I had not thought of it that way very interesting.
In the long run this smooths out volatility, right?
yea, i think its better to happen now while market is pretty strong
I dont understand why anyone would ever put themselves in a position to sell bitcoin, to cover a margin call on a stock whose value is highly leveraged to bitcoin. SMH.
Such a shame no one could see it coming
SHandSS
So... they are selling their Bitcoin to avoid having to sell their under-performing pyramid-scheme stock? 🤦♂️
People trying to outpreform bitcoin in trouble. Ill stick with bitcoin only and focus on my craft 🤝
I too posted about MSTR this morning after listening to Pysh on WBD. This all feels like a sales pitch because so many people hold MSTR, ETFs, and other treasury company bags. Stack sats, be your own bank.
sold it, bought a working yard. Agree.
Except those of us that were around for the stock split 😂
