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BTC is going to plummet until MSTR is dead
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[quote:luisaywhitehat:MV81MTI4MzYxXzk0NzU2ODkwXzc2MjE2QkYy] [quote:Zalinsky:MV81MTI4MzYxXzc2QTk4RTg2] If you are long BTC, put on your diapers. https://finance.yahoo.com/news/bitcoin-margin-call-world-leading-211214653.html Read the article. MSTR is one of the largest holders of BTC, and they are a levered long. The market now knows where the max pain point is...somewhere below $21K. The market always aims for max pain. And there is no bigger max pain than a giant levered player that can get margin called. BTC will drop until MSTR is wiped out. At that point, the forced selling will probably drop BTC into the $10-15K range and maybe more if there are lot of others levered longs, which there most certainly are. [/quote] Now do Tether. If that ponzi pops BTC will go down below $10,000 [/quote]
Original Message
If you are long BTC, put on your diapers.
[
link to finance.yahoo.com (secure)
]
Read the article. MSTR is one of the largest holders of BTC, and they are a levered long.
The market now knows where the max pain point is...somewhere below $21K.
The market always aims for max pain. And there is no bigger max pain than a giant levered player that can get margin called.
BTC will drop until MSTR is wiped out. At that point, the forced selling will probably drop BTC into the $10-15K range and maybe more if there are lot of others levered longs, which there most certainly are.
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