Forwarded from Crypto Narratives
Reminder :
'Saylor buys BTC at a high price' implies that 'Saylor sold MSTR at a high price' too.
If he bought BTC during the dips, it would also mean selling MSTR during the dips. Not sure if the shareholders want to get dumped on specifically on dips.
Also, even if his average BTC purchase price is going up, he is actually reducing the leverage of MicroStrategy when he's buying with ATM
https://x.com/thedefivillain/status/1883902814726082697
'Saylor buys BTC at a high price' implies that 'Saylor sold MSTR at a high price' too.
If he bought BTC during the dips, it would also mean selling MSTR during the dips. Not sure if the shareholders want to get dumped on specifically on dips.
Also, even if his average BTC purchase price is going up, he is actually reducing the leverage of MicroStrategy when he's buying with ATM
https://x.com/thedefivillain/status/1883902814726082697
π2
also, i do think jup will drift higher overtime
i wrote something up last night, need to get it out on my medium eventually
i wrote something up last night, need to get it out on my medium eventually
π₯9
tldr;
sol remains the dominant chain of the cycle,
jup buyback alignment should provide enough catalyst for a break out of its range, tho its effects feel overstated by CT
catstanbul developments should provide catalyst for a sustained move out
chart vaguely resembles another reaccumulation
medium timeframe to top 40
sol remains the dominant chain of the cycle,
jup buyback alignment should provide enough catalyst for a break out of its range, tho its effects feel overstated by CT
catstanbul developments should provide catalyst for a sustained move out
chart vaguely resembles another reaccumulation
medium timeframe to top 40
π5
happy cny to those who celebrate!
have a great reunion dinner
spend time w the ones that matter
HUAT
have a great reunion dinner
spend time w the ones that matter
HUAT
π₯36
Forwarded from JoesCrypt
The U.S. Arizona Senate Finance Committee passes the Strategic Bitcoin Reserve Act (SB1025), allowing up to 10% of public funds to be invested in virtual currencies such as Bitcoin, per a recent filing
π₯10
Forwarded from Ahboyash Reads
Increase your contact points
https://x.com/gritcult/status/1883955982486933960?s=46&t=2q9OLMlaobNlHLewOXT4uA
https://x.com/gritcult/status/1883955982486933960?s=46&t=2q9OLMlaobNlHLewOXT4uA
π8
Forwarded from infinityhedge
*POWELL: WE DO EXPECT TO SEE FURTHER PROGRESS ONΓNFLATION
*POWELL: RIGHT NOW WE FEEL LIKE WE'RE IN A VERY GOOD PLACE
*POWELL: RIGHT NOW WE FEEL LIKE WE'RE IN A VERY GOOD PLACE
π1
Forwarded from infinityhedge
*POWELL: SENTENCE ON INFLATION NOT MEANT TO SEND SIGNAL
Powell says removal of "inflation" line is just clean up to shorten sentence, not determination that inflation is rising again
Powell says removal of "inflation" line is just clean up to shorten sentence, not determination that inflation is rising again
π1
feels to me like participants got tired of the sol extractive conditions and decided to start bidding eth memes or something
π₯5