@astronomer_zero One thing I notice is I don’t see you mention any sort of invalidation level which is a critical piece of information as a trader. It feels like you try to play the “ I’m right either way” playbook when you call for a tap beneath the lows but also are looking for 66k.
@capseyeth Take a look at the valuation of $BNB. $HYPE has at the least that level of potential. At the most far greater. It's also one of the few coins worth bidding now days.
Nobody is talking about the scenario where $BTC rebounds and continues to slow grind up while $MSTR underperforms and stays slightly below 1 mnav.
Due to pricing in the fact that although their $BTC holdings are worth X, there is added proxy risk. Especially given their historically poor execution.
$MSTR doesn't have to die for $BTC to switch trend.
@Sykodelic_ They have to spend a lot of time building a false sense of confidence on each side before destroying them.
Shorts are up soon. They have been comfy for quite some time.
@Pentosh1 I've been looking into how to get exposure to these private companies. I don't like the flywheel aspect of $BOT.
Do you know of anything that operates as more of an ETF with exposure to these companies?
@blknoiz06 Negative funding across the board. Shorter's slamming into open. Seems like they are about to be reminded of how violent a short squeeze can get.
@clementetv_ Why $MSTR or $BMNR over the underlying? They've proven their execution is shit. $BTC can move up and they can continue to underperform due to their proven poor execution.
You just know @saylor is prompting AI right now asking it what he should do about $MSTR and $STRC .
AI: "You're absolutely right. This design does create a death spiral in a down market. Sorry about that."