Retail longs got liquidated. Treasuries kept stacking 👀
While $546M in positions got wiped over the last 24h (88% longs, CoinGlass), Strive quietly bought 2,000 $BTC between Sept 28 and Oct 2:
🟡 2,000 BTC for ~$169M, avg $84,422 (8-K, Oct 5)
🟡 Total stack now 29,462 BTC
⚪ Strategy added only 334 BTC (Oct 1-4), still sitting on 848,000 BTC
The catch: BTC is ~$83,750 on Binance right now. That's ~1% under Strive's latest buy and ~7-8% under its whole-stack average cost (~$90.4K-90.7K, per CoinDesk).
So the "smart money" is under water too. They just aren't using leverage, so nobody can force them to sell.
That's the real difference between a treasury and a 20x long: time.
Would you rather buy here with them, or wait for $80K? 👇
#Bitcoin #BTC #CryptoMarket #BitcoinTreasury #WriteToEarn
While $546M in positions got wiped over the last 24h (88% longs, CoinGlass), Strive quietly bought 2,000 $BTC between Sept 28 and Oct 2:
🟡 2,000 BTC for ~$169M, avg $84,422 (8-K, Oct 5)
🟡 Total stack now 29,462 BTC
⚪ Strategy added only 334 BTC (Oct 1-4), still sitting on 848,000 BTC
The catch: BTC is ~$83,750 on Binance right now. That's ~1% under Strive's latest buy and ~7-8% under its whole-stack average cost (~$90.4K-90.7K, per CoinDesk).
So the "smart money" is under water too. They just aren't using leverage, so nobody can force them to sell.
That's the real difference between a treasury and a 20x long: time.
Would you rather buy here with them, or wait for $80K? 👇
#Bitcoin #BTC #CryptoMarket #BitcoinTreasury #WriteToEarn
