๐จ Alert: Galaxy warns that Bitcoin vault companies have entered a phase of โharsh Darwinismโ with the collapse of premiums and the shift of leverage into heavy losses!
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๐ข What's new?
โ Stock premiums have collapsed below net asset value (NAV)
โ A 30% drop in BTC has wiped out hundreds of millions in unrealized profits
โ Metaplanet has shifted from +600M to -530M dollars, and NAKA has dropped 98%
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๐ก Analysis:
โ Leverage has become a double-edged sword, and survival is for companies with strong liquidity and less debt
โ Either a merger or liquidation for the weak
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โก Why does this matter to you?
โ If you own shares in DAT companies or are considering them, the risk is now much higher than the reward
โ We may witness a harsh correction in this sector before recovery
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โDo you think this phase will lead to many bankruptcies or a quick recovery?
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