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Bitcoin News Alerts | Daily BTC News

959: MICHAEL SAYLOR DEBUNKS BITCOIN MARGIN CALL RUMOR - SAYS NO LIQUIDATION EVEN IF BTC FALLS BELOW $3.5K

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 16 June 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Microstrategy CEO and Bitcoin mega bull Michael Saylor debunked the rumor that his company is close to having to liquidate its BTC to meet a margin call for a Bitcoin-backed loan. The rumor intensified as the price of the king crypto (BTC) continued to plummet after the weekend sell-off. However, Saylor tweeted Tuesday: "When Microstrategy adopted a bitcoin strategy, it anticipated volatility and structured its balance sheet so that it could continue to hodl through adversity." The Bitcoin price dipped below the $21K level this week. However, Microstrategy told Reuters Tuesday that it has not received a margin call, emphasizing: "We can always contribute additional bitcoins to maintain the required loan-to-value ratio." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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In today's show, I'll be sharing three metrics, which suggests Bitcoin price crash is not yet over,

1:02.6

including weak hoddlers, still to be flushed out, not enough hoddlers, yet underwater,

1:07.1

as well as no surrender for miners despite impressive exchange flows, including the

1:11.8

crypto-quant CEO, been waiting for this moment for two years since the great sell off in March

1:16.0

of 2020, including Alex Kruger, impressive Bitcoin minor exchange flows. Many miners would be in

1:21.4

deep trouble with Bitcoin in the teens panicking yesterday in anticipation of $20,000 breaking.

1:26.8

Makes sense. Including quoting rec capital,

1:28.9

current Bitcoin saleside volume is very close to reaching the 2018 bear market, seller volume

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