Michael Saylor has spent nearly $50 billion over the last 5 years buying Bitcoin, and now he’s sitting underwater.
Adjusted for inflation, he’s down around $10 billion.
The bigger issue is that a large part of these BTC purchases were made using borrowed money and that debt has to be paid back. This is where things can get very messy, very fast.
I talked about this more than a month ago and warned about the risks. People like this create centralization, which goes against Bitcoin’s original purpose.
When leverage and concentration build up too much, the system becomes fragile.
I’ll keep you updated over the next few months.
And when I start buying Bitcoin again, I’ll say it here publicly.
A lot of people are going to regret ignoring these warnings.
ACH is breaking out at $0.004870. Volume is steady.
Here is my trade plan. Entry $0.004318 to $0.004846. Target $0.005304 and $0.005616. Stop loss $0.004013.
Price bounced from $0.004180. MA7 is above MA25 so trend is bullish. If it breaks $0.005200 next target is $0.005616. If rejects might go back to $0.004318 support.
What is your plan for ACH? Let me know in comments.
OPEN is breaking out at $0.1809. Volume is steady.
Here is my trade plan. Entry $0.1627 to $0.1800. Target $0.1882 and $0.1993. Stop loss $0.1518.
Price bounced from $0.1581. MA7 is above MA25 so trend is bullish. If it breaks $0.1845 next target is $0.1993. If rejects might go back to $0.1627 support.
What is your plan for OPEN? Let me know in comments.
FLOW is breaking out at $0.0286. Volume is steady.
Here is my trade plan. Entry $0.0257 to $0.0285. Target $0.0295 and $0.0312. Stop loss $0.0239.
Price bounced from $0.0249. MA7 is above MA25 so trend is bullish. If it breaks $0.0289 next target is $0.0312. If rejects might go back to $0.0257 support.
What is your plan for FLOW? Let me know in comments.
What does this mean for the market? Volatility expected across key pairs as traders absorb this narrative. Watch key support/resistance levels closely before jumping in!
Are you bullish or bearish on this news? Drop your thoughts in the comments! 👇
What does this mean for the market? Volatility expected across key pairs as traders absorb this narrative. Watch key support/resistance levels closely before jumping in!
Are you bullish or bearish on this news? Drop your thoughts in the comments! 👇
HOLO is breaking out at $0.0714. Volume is steady.
Here is my trade plan. Entry $0.0648 to $0.0710. Target $0.0743 and $0.0786. Stop loss $0.0607.
Price bounced from $0.0632. MA7 is above MA25 so trend is bullish. If it breaks $0.0728 next target is $0.0786. If rejects might go back to $0.0648 support.
What is your plan for HOLO? Let me know in comments.
ZIL is breaking out at $0.002661. Volume is steady.
Here is my trade plan. Entry $0.002332 to $0.002648. Target $0.002856 and $0.003024. Stop loss $0.002160.
Price bounced from $0.002250. MA7 is above MA25 so trend is bullish. If it breaks $0.002800 next target is $0.003024. If rejects might go back to $0.002332 support.
What is your plan for ZIL? Let me know in comments.