I guess we became immume to the mainstream media FUD. Probably, also due to the fact that the fundamentals of $BTC and $ETH are bonkers at this moment. There are literally 0 reasons to sell at these price levels. We held through a multi year bear market. #WeWillNotSell
According to my rough calculations, the shorts sellers, which started heavily shorting $BTC since June 6th, cumulatively netto shorted BTC for a total of $800m, with an unrealized loss of ~$90m. Will there be a short squeeze? Or will they short this market into oblivion?
@KingJulianIAm Well, we don't know how much capital these Bitfinex whales have, so it's hard to say I guess. But they too don't have unlimited money, so I am hoping for a short squeeze.
According to my rough calculations, the shorts sellers, which started heavily shorting $BTC since June 6th, cumulatively netto shorted BTC for a total of $800m, with an unrealized loss of ~$90m. Will there be a short squeeze? Or will they short this market into oblivion?
According to my rough calculations, the shorts sellers, which started heavily shorting $BTC since June 6th, cumulatively netto shorted BTC for a total of $800m, with an unrealized loss of ~$90m. Will there be a short squeeze? Or will they short this market into oblivion?
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NEW: @MicroStrategy is preparing to buy up to $488 million in #bitcoin with the proceeds of a newly completed bond sale, the firm said Monday.
@realDannyNelson reports
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MicroStrategy Announces Proposed Private Offering of $400 Million of Senior Secured Notes to acquire additional #bitcoin. $MSTR
https://t.co/ilhUt1M73j
🤔 #Ethereum traders are showing signs of impatience and exhaustion as the price has chopped in the low to mid $2k range. This kind of capitulation and crowd doubt was last seen April 7th, when $ETH's price then proceeded to doubled over the next month! 💪 https://t.co/cJ2KjA6Vk3
MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin. As of 5/18/2021, we #hodl ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin. $MSTR
https://t.co/fU6LN4WbKI
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