@dmweisberger@austincampbell@HunterBiden My thoughts exactly. The timing was poor and then he came out to say itโs AI & Space-Ex related? So why test the market exactly at max fragility in the mkt after you just used the cash reserve? And then not spend all day on cable news telling every investor the reason behind it.
@FlippingProfits No cycle has ever ended without someone saying that, exactly. Last cycle, it was about regulation in the US & FTX/Luna collapsing. This cycle itโs Binance de-peg/MSTR//Quantum. Next Cycle itโll be almost surely Quantum if itโs not solved by then.
@BittBurger@GaryCardone Historically, it also rallies a lot more during bull cycles. So why would expect the same % drawdown with far more sticky and LT holders entering the asset class - Sovereign Funds, Pension Funds, Nation States who can all ride out the volatility, endowments, etc
@GaryCardone So far itโs going the other way. Think you might be wrong on this one. A surprise hold of 60K and push higher could make for an interesting Monday squeeze after the big short build-up.
@APompliano@ColeMacro He had to sell BTC at some point. But why right before the AI IPOs, after BTC just fell from 82k to 72k & after using up a cash reserve for CBs and then only selling $2m vs filling up cash reserve properly. The timing & zero PR was poor. He should have been on CNBC/BBG Monday AM
@hillery_dan Unless he believed a massive equity market drawdown was imminent and wanted to deleverage + test the market in the same week to get ahead of it all. The only rationale I can think of at this point. But why only sell $2m and not just re-fill the pref div cash account
@hillery_dan Why test the mkt after using up most of the cash reserve retiring some CBs? Why not try this at $80K? Why wait for the selling momentum to build up like a snowball? Why not wait until after the IPOs have been absorbed by the mkt?
@scottmelker Still about an hour or so left in the market, but what do we think about a potential bullish hammer on the daily today? Just add it to the other technicals youโve been pointing out over the last 24hrs
@BullTheoryio If I look at that chart, doesnโt it show higher lows for all of these STRC dips? Wouldnโt that imply that STRC has been weathering the volatility better as time goes on? Dips during crisis but goes right back to par shortly after and the dips are leas severe each time?