BREAKING: MicroStrategy, $MSTR, announces it has bought 1,550 Bitcoin for an average price of $65,332.
This latest Bitcoin position is currently down over -$3.61 million.
@Cryptadamist@arkham@Bitfinexed@JG_Nuke@ParrotCapital Both. If you click on the coins in their portfolio you get a wallet history per coin.
Their BTC holdings are the lowest they've been. It's a bit harder to determine for their ETH holdings since they swap so goddamn much. But BTC atleast is consistently tracked:
Bitcoin is essentially a giant game of musical chairs.
As long as new players keep getting lured into the game, and stablecoins fraudulently print to rig prices upwards, the music keeps playing.
However, smart money has already been quietly heading for the exits for the last 6 months while retail investors are still being sold dreams of endless gains. Even Bitcoins biggest promoters, like Michael Saylor and Mark Cuban, are jumping ship. They know exactly what’s coming. The entire system depends on confidence, liquidity, and a constant flow of new naive buyers who are sold a pipe dream . Once that flow slows, the cracks become impossible to ignore.
The music is about to stop and, not everyone will find a chair. The quoted price will prove to be an illusion of liquidity, and many holders will discover there are far fewer real demand buyers than they imagined. The true price is far below even $10,000.
A major crash isn’t a matter of if, but when. If you’re holding Bitcoin or crypto, it’s best to cash in, because the next bloodbath is going to be brutal. Bookmark this.
Remember when Tether jihadists said Tether never handles redemption?
This proves that’s all lies and Tether is fully backed and can handle a $1.1B outflow in a single day. Nothing else can have such unrivaled transparency. Full stop.
BREAKING: Tether’s market cap has just plunged by more than $1.1 billion in a single day, its largest drop ever.
Remember, the entire crypto market is built on a foundation of fraudulent stablecoin-driven liquidity. As that liquidity is now contracting, significant downside WILL follow.
Bitcoin’s price will soon reflect this reality. Even maximalist Michael Saylor has admitted that he will soon sell his BTC. The only people left holding indefinitely are those who were conned into believing that Bitcoin actually has real value and that “HODLing forever” is a strategy.
Michael Saylor: “Never sell Bitcoin”
Michael Saylor 3 months later: *Sells millions worth of Bitcoin*
When can this space finally accept the fact that Saylor is a corrupt, sleazy, conman.
Investors have recently yanked $2.8 billion from spot Bitcoin ETFs in the longest outflow streak since the funds were launched.
BITCOIN = A HIGHLY SPECULATIVE ASSET WITH ZERO FUNDAMENTAL VALUE.
Truly hilarious that the "never sell your Bitcoin" guy has not only begun pivoting to selling, but it appears he's doing so below the company's cost basis.
So Saylor sold $MSTR to get money for $STRC dividends, then sold $STRC to buy Bitcoin, now spent the dividend money to buy back debt, and now needs to sell below his avg to get money for $STRC dividends?
Yeah this is the most retarded Ponzi I've ever seen
People still refuse to believe that history is repeating and Bitcoin bitcoin:native is on the verge of collapse, despite the charts looking identical to 2022.
The bottom should be in October 2026 around $19,000
It's now been a month+ since #Tether added $5 billion market cap and nobody cared.
SpaceX burns $4.3B in a quarter and everyone's up in arms but if an unaudited offshore counterfeiting operation does $5B in a literal 16 days before and after zero activity nobody gives a fuck.