The 2022 wipeout left the crypto market deeply traumatized by excessive leverage, which is why CT has been calling for the BTC treasury playbook "top" while it's just begun

The structure of the debt is very different from 2021, the risks are much lower

And $BTC is going higher

Once again, no ATM on the common stock this week, but more than $100M raised through $STRK and $STRF

They are able to raise more and more each week through these fixed income products

Saylor gets a billy tomorrow too btw

If you are short, you should factor it in

$XRP probably topped forever

$BTC made a new ATH 2 weeks ago, then all the people that got excited there and flipped long altcoins got punished

Then BTC has been unable to break below $100k (but it got rid of James Wynn)

4 days later we're almost back at ATH

This looks like strength if you ask me

I still haven't found an evergreen way to express the long $BTC / short altcoins trade without taking the risk of a substantial drawdown on these moves

ETH pumping is the best bull case for altcoins

I have been mostly sidelined on LAUNCHCOIN till now but this looks good, slowly creeping up from $100M to $200M and still a very low mcap given its high mindshare

Bought some

It also looks like a good you can usually add to with limit orders given how it moves up

Why did $GME dump on their new convertible bond issuance news ?

I can't believe the $IP scam is still trading at $4bn FDV

Manipulation at its finest

GameStop fumbled the bag for 2 reasons :

1/ They raised $1.3bn through a convert in March but did not deploy them immediately into BTC despite already holding $4bn in cash. They only bought $500M and at a price much higher than what they could have when they received the convert proceeds. There is a reason Saylor "apes local tops" instead of trying to outsmart the market.

2/ They are completely opaque on their strategy. Do they want to follow the MSTR playbook ? Do they not ? It's unclear. Why would they raise twice through convertible bonds if they are not deploying all their cash into BTC ? No clarity in their plan = no trust from investors

I haven't looked at it in detail but this SBET dump makes zero sense imo

Prob a buy but I am not taking the trade fyi

Why a buy ? Because funds bought $425M worth of shares around $6 and SBET should have used the proceeds to buy $425M worth of ETH

So mNAV should be close to 1

But they are way less transparent than MSTR and did not disclose if they bought so it's completely opaque and favors insiders...

$TIA - $1.75
$BERA - $2

New lows on these two

Crazy

$MOODENG is still up +600% from its bottom

Perma-short for me but I really wonder if they scam it up again

I don't have a strong opinion on the market right now

Bullish on $BTC but it did not dip enough on LTF to be a screaming lev long (I'm long BTC but moderate size)

Bearish on altcoins but OTHERS/BTC is already very depressed and reached new lows again yesterday, and I don't think we'll get an additional liq cascade on the WE

I don't have any edge on the Middle-East stuff other than the chud mantra "nothing ever happens", especially nothing that would justify a massive market impact