Strategy Says Bitcoin Would Need an 83% Drop Before STRC Hits a 1x Rating
The preferreds sit a long way above a full break of the treasury coverage.
According to Strategyโs own floor chart, Bitcoin is near $78,000. STRC would not reach a 1x BTC rating until about $13,136 โ an 83% decline from here. That rating is the Bitcoin price at which the companyโs BTC holdings would cover that instrument one-for-one.
Key Details:
> Current Bitcoin price on the chart: $78,000.
STRC 1x floor: $13,136 (โ83...
TODAYโS LOSERS, NO MAJOR LOSSES!
$ZEST : This coin, which has been around for about 6โ7 months, is actually quite weak from a fundamental perspective, but its price is holding up because itโs listed on so many exchanges. I think ZEST will make occasional rallies, but itโs hard to predict exactly when.
$SKDD : As a coin with a 2x leverage on stocks, itโs honestly a bit harder for it to both drop and rebound significantly it makes more sense to look at it on a coin-by-coin basis.
$TAKE : One o...
$MARSCOIN MOMENTUM STILL STRONG, BUT HIGH RISKโผ๏ธโผ๏ธ
As we know $MARSCOIN was newly listed on Binance on September 4, which brought heavy attention and volume.....
It has already made a huge move, and Binance applies a Seed Tag, meaning the token can be especially volatile.
From your 1H chart, price is holding around $0.24 after breaking above the previous $0.20 area. For a safer bullish idea, Iโd rather see the breakout hold instead of chasing the top.
Entry zone: $0.232โ$0.240
TP1: $0.250 ...