Beartarded
England
Joined August 2021
- Tweets5.1K
- Following709
- Followers2.1K
- Likes14.7K
Pinned Tweet
This move has all the echos of the 2021 May crash (breakdown of an ATH range).
Price likely moves to fill the inefficient liquidation candle establishing a new range low. Next you'll get a few months of chop while a new narative forms.
Bulls better pray it's a good one.
Thank your parents for the exit liquidity.
Great stat: Bitcoin's price is down 44% from Oct high but the amount of btc held by the ETFs is only down 6.6%. #BoomerStrong
If you have given up lots of gains over the last few weeks don't feel bad. Nearly everyone here who made any money has gone to through it before. Focus on preserving what you have left.
CryptoDGR retweeted
The Big Short man himself is also calling out that the Bitcoin Treasury Company model is failing. There is no world where 200+ DATs makes sense. The incentive structure leads to destruction.
BITCOIN SLIDE COULD WIPE OUT COMPANIES
Michael Burry warned that Bitcoin’s ongoing decline could destroy significant value, especially for companies holding large BTC reserves. He said Bitcoin has failed as a safe haven like gold and could push aggressive corporate holders into bankruptcy, triggering broader market fallout. He also highlighted Bitcoin’s correlation with the S&P 500 and its impact on recent drops in gold and silver.
They're going to get liquidated.
MICHAEL SAYLOR:
“A lot of people don’t really think — they’re like oh my god MicroStrategy’s going to get liquidated. Well dude no, Bitcoin could go to $1, we’re not getting liquidated, we’re just gonna buy all the Bitcoin.”
nitter.gq/Vivek4real_/status/201…
