Yield for $STRC is not coming from Bitcoin. It is coming from $MSTR shareholders. As in any ponzi you are the yield. Saylor got too greedy and too self-confident. Rekt again.
๐ง NEWS: Strategy CEO @PhongLe received 190,740 vested shares of $MSTR on June 3, worth $22,972,725!
93,738 shares worth $11,129,247 USD was sold yesterday to pay the withholding tax ๐ธ
SEC Form 4: ''Such sale was made solely to pay Strategy the tax withholding obligation''.
$BTC
This has to be one of the most insane liquidation maps I have ever seen.
There are currently $27B in short liquidations, while only $1.4B in long liquidations remain below.
With a short-to-long ratio of roughly 19:1, this is by far the biggest imbalance we've seen in a long time.
Once selling pressure starts to fade, this could set the stage for a massive short squeeze.