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Degens Deteriorating
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BREAKING: STRATEGY'S $BTC PORTFOLIO IS DOWN OVER $6 BILLION IN THE PAST 24 HOURS

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Michael Saylor has $8bn in outstanding debt

He diluted MSTR so hard that its impossible for these converts to "convert" into shares thus wiping the debt

Therefore, his bond holders will have to be paid in CASH

At current BTC prices he has to liquidate ~140k BTC

If BTC were to drop to $40k he would have to sell over 200k BTC

This doesn't account for slippage btw

This also doesn't account for other player's debt in the space (GME, Metaplanet, NAKA)

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BREAKING: Amazon stock, $AMZN, falls -10% after reporting Q4 2025 earnings.

It's now down -15% on the day including its regular hours move.

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$2BILLION LEVERAGE PURGE: NEARLY $500M WIPED OUT IN THE PAST HOUR

Crypto liquidations hit $1.95B in the last 24 hours, with $500M erased in just the past hour.

The brutal deleveraging came from $1.7B in long liquidations, against $213M from shorts.

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JUST IN: Over $1,800,000,000 liquidated from the crypto market in the past 24 hours

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Selling pressure in crypto is intensifying. Will bitcoin hold over $60K?

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Even I didn't think it was going to be this bad. Lord help us.

The Slurper

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Bitcoin implied vol is now at 75%

This is the highest level since the ETF launch in 2024

It is also finally higher than gold volatility

Know it's a lot of pain right now, but this is all part of the process required for Bitcoin to make new highs

The melt up will be fast

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