Michael Saylor has spent nearly $50 billion over the last 5 years buying Bitcoin, and now he’s sitting underwater.
Adjusted for inflation, he’s down around $10 billion.
The bigger issue is that a large part of these BTC purchases were made using borrowed money and that debt has to be paid back. This is where things can get very messy, very fast.
I talked about this more than a month ago and warned about the risks. People like this create centralization, which goes against Bitcoin’s original purpose.
When leverage and concentration build up too much, the system becomes fragile.
I’ll keep you updated over the next few months.
And when I start buying Bitcoin again, I’ll say it here publicly.
A lot of people are going to regret ignoring these warnings.
After 9 days of strong ETF inflows, BTC and ETH ETFs finally turned into outflows. BTC ETFs saw around $263M outflow and ETH ETFs saw around $50M outflow.
This is not a good short term sign for bulls. ETH already lost the $2,300 support area and now market is watching $2,200 very closely.
If ETH holds $2,200 and ETF inflows come back again, then price can try to move toward $2,500 - $2,600. But if ETH breaks below $2,200 with volume, then next demand zone can be $2,100 - $2,150.
For now ETH needs strong buyer support, otherwise more pain can come before recovery. $ETH
Total crypto market cap is around $2.55T and market is showing small volatility today.BTC is moving near $76K area and still facing resistance after failed rally.
ETH is also holding near $2.28K with higher trading activity.BTC dominance is still high near 58%, so market direction mostly depends on Bitcoin now.
Top gainers today include , ApeCoin, OpenGradient and Flow.But overall market looks like cooling phase after previous highs.
If BTC holds support, market can recover again.But if BTC breaks lower, altcoins can see more pressure.
Why $TRUMP Tanked 20% Today Live Crypto Movers: Top Shocks & Surges
Main reason: TRUMP opped sharply around the Mar-a-Lago crypto holder event. Reports point to a sell-the-news move, weak holder confidence, and selling pressure after the event hype faded. Some reports also mention the token falling from around $3 to near $2.50, while Reuters noted the coin is still far below its old peak.
Bitcoin is showing signs of short correction after false breakout near 78,450. Price tried to break higher but rally lost momentum and 2 retests showed bears are active now.
Main support is 76,200. This zone is important because liquidity, order block and support are all sitting there.
If BTC holds this area, then market can build more strength for next move toward $80K. But if support breaks clean, then bullish setup can get delayed.
For now trend is still bullish, but this correction zone is important to watch.
Aave is now leading DeFi United effort to restore rsETH backing after the Kelp exploit. Lido also proposed up to 2,500 stETH support for the relief fund. Now more projects are joining and total pledged support is already growing fast. $LDO $AAVE
Justin Sun has filed a lawsuit against World Liberty Financial after saying his WLFI tokens were frozen without valid reason. He also said this freeze removed his voting rights on governance proposals.
Reuters reported Sun is asking the court to unfreeze the tokens and stop any move to seize, burn or limit them. This case is now getting big attention because WLFI is one of the most talked-about Trump-linked crypto projects.
Now market will watch what happens next with WLFI governance and investor rights.
Arbitrum Security Council has frozen 30,766 ETH worth around $71M linked with the Kelp DAO exploit.
These funds were moved to a governance controlled wallet, so the exploiter can not access them now.
This is a big move because total exploit was around $292M, so nearly one quarter funds are now frozen. Arbitrum also said this action did not affect other users or apps on the network.
At the same time this is making more debate in the market. Because governance-level freeze on user funds is rare and controversial in crypto.
Now traders and investors will watch if more stolen funds can also be frozen from other chains.
Ethereum investment products are now back positive for the year with $197M inflows. At the same time some altcoins like XRP and SOL are seeing outflows. This is showing ETH is getting better attention again from investors. #Ethereum #xrp #SOL #StrategyBTCPurchase #WhatNextForUSIranConflict
Bitcoin now holds 57.6% market share and price is hovering near $76K - $78K area after small dip from weekly highs. At the same time spot BTC ETFs are now seeing strongest inflows since January. This is showing BTC still has strong attention in the market. $BTC
$RAVE shocked the market after huge collapse in just 24 hours. Price dropped around 90% and more than $5.7B market cap got wiped out very fast.
Main reason is now Binance and Bitget started investigation about the rally and trading activity. Also onchain claims said around 90% supply was held in only 3 wallets linked with team side. This made more fear in the market.
Before this dump, $RAVE moved from $0.25 to $27.33 in only 9 days. That kind of pump already looked very risky. Now after this crash many traders will stay careful on such type of tokens.
This is a reminder that not every big pump is safe. Always check token supply, wallet distribution and exchange activity before entry. $RAVE
XRP is now leading major coins with almost 8% weekly gain. Price is moving strong and already trading above 200-day EMA, which is a bullish sign.
Right now many traders are watching this move because XRP is showing more strength than BTC and ETH.
But still one thing is missing.
Volume is not strong enough yet for full breakout confirmation. Price is also still facing resistance near $1.44 area.
And $1.40 is the important support now.
If XRP breaks and holds above $1.44, then bigger upside can come. And this is why many people again started talking about XRP long term big targets like $10.