CaptSpectacular

[CaptSpectacular @CaptSpectacular]

Finally a capitulation and the bottom is here. Let’s f go 🚀🚀🚀

[Bittex @BittexXBT]

The hard road goes from 120k to 60k
The easy road goes from 60k to 30k

[CaptSpectacular @CaptSpectacular]

@benjamincowen And then it breaks. To the downside.

[cryptovizart @CryptoVizArt]

Long-term holders are now carrying 5.3M BTC at a loss, surpassing the post-FTX crash level and reaching the highest reading since the Covid crash.
The scale of underwater LTH supply suggests the resolution process is still in progress.
📉 https://t.co/PcpS23iqPE

[UB @CryptoUB]

There were a lot of posts yesterday about the relative strength of certain alts.

They're all down over 10% today.

Good times.

[CaptSpectacular @CaptSpectacular]

@bradmillscan ”Devastating crashes are done”. And what is this lmao. We didn’t get parabolic but we get -50% to the downside

[Investor Jordan 🌪️ @InvestorJordan]

Now that Bitcoin is crashing...🩸

It’s important to look at the absolute wreckage inside MicroStrategy right now ( $MSTR)

- portfolio plunges to a record -$10.8B unrealized loss
- down -17% after 6 years of buying BTC
- vastly underperforms S&P 500 (+116% over same period)
- Sold 32 BTC at $77,135
- stock plunges -77% from its absolute record high

Now lets talk about what happens if we crash further:

- total paper loss reaches -$21.76B if Bitcoin hits $50k
- total paper loss escalates to -$30.18B at $40k flat
- total paper loss hits -$38.61B at $30k
- retail investors are getting absolutely wiped out in the carnage

The dividend crisis:
- questions mount over how he can afford to continue paying $STRC at 12% a year
- it was designed to stay around $100 forever
- the price is now $95 and crashing
- you have to be worried what comes next

outcome:

A multi-billion dollar bet facing complete financial ruin at the average price somewhere around the speculated $8,000-$12,000 area.

Still miles away from any real stress, but the concerns are starting to creep back into conversation.

[CaptSpectacular @CaptSpectacular]

@FrankAFetter Wasn’t it supposed to be to the upside 😭

[CaptSpectacular @CaptSpectacular]

@bitcoinmunger @bitfinex @tradingview Just another avenue for capitulation. Now we got etfs, saylor ponzi and this. Fuck.

[CaptSpectacular @CaptSpectacular]

@scottmelker This is not like every other cycle. Cycles are dead one way or the other. People will learn soon. Likely we’ll trade significantly longer under the 200

[CaptSpectacular @CaptSpectacular]

@deltaxbt He simply can’t control himself. He needs so badly to prove he is ”smarter” than everyone else and ends up blowing up the second time

[CaptSpectacular @CaptSpectacular]

@buyerofponzi Can i retweet this a million times

[Ponzi Trader @buyerofponzi]

btc tends to frontrun stocks

[CaptSpectacular @CaptSpectacular]

From the best bear market performance to worst in a span of 2 weeks

[Mando @rektmando]

4 weeks ago btw

[CaptSpectacular @CaptSpectacular]

@btcnft420 Ouch

[Byzantine General @ByzGeneral]

We joked for about a year that Saylor was literally the only one buying bitcoin and... It turns out that he was actually literally the only one buying.

[CaptSpectacular @CaptSpectacular]

Second red year in a row. All your models destroyed. 4 cycle will get obliterated one way or another. Just hope it’s not to the downside as i predicted

[UB @CryptoUB]

The largest liquidation event since 10/10 did not provide any bounce whatsoever.

Cooked.

[Magoo PhD @HodlMagoo]

Turns out you don’t need that many sellers to tank the price when there are no buyers.