Strive Blames Leverage Liquidations After SATA and Bitcoin Giant Strategy's STRC Plunge
The disastrous day for Bitcoin firms' preferred equity offerings may have been due to unwinding of leveraged positions in STRC and SATA.
CryptoPotato·
Bitcoin is still under heavy selling pressure after breaking below a significant rising channel that had been guiding the price action since February, and there seems to be little stopping the asset from dropping lower. The latest rejection from a short-term resistance has accelerated downside momentum once again and is pushing BTC back toward the […]
Read full articleThe disastrous day for Bitcoin firms' preferred equity offerings may have been due to unwinding of leveraged positions in STRC and SATA.
The U.S. Department of War has told lawmakers it needs $80 billion to cover the war in Iran and other bills, a request that deepens the deficit worries that bitcoin proponents cite as the asset’s reason to exist. Deputy Defense Secretary Stephen Feinberg relayed the figure to Congress in phone calls. An $80 Billion Ask […]
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Andrew Tate’s Hyperliquid wallet shows over $803,800 in all-time perps losses after repeated crypto WLFI liquidations.
The Federal Reserve didn't change the interest rates, as expected, while the US-Iran deal uncertainty still hinges despite promises.