jakewoodhouse on nostr

I am coming around the firm conclusion that the sharp sell off was almost entirely due to leverage in the system

Specifically those that took LTV 50% at 110k usd thinking it was going to 150k

The likes of Ledn “you don’t have to sell your Bitcoin”

As price flew down, margin calls meant a cascade of forced sellers

Now it’s happened, there is a firm bid from the same people that levered up

Who see Bitcoin at sub 70k as huge value

Jake Woodhouse @jakewoodhouse · 3w

Plebs scrambling to add collateral One I know Liquidation is 61k Needs to come up with 50k asap Ooft

9❤️3❤️1🤙1

Troy · 2w

I follow what you're saying, except the LTV part. As a stock symbol, it's S&P Left Tail Index. Is that your reference, or is LTV something else? Long Term Value? Loose Tart Velocity?

Jimmy_iC1 · 2w

I’ve come the the conclusion that the market is always right and opinions don’t matter. Bitcoin always humbles people. DCA cold storage FTW

Chris Krause · 2w

I listen to nostr:nprofile1qqs22afg9k7epyay82slkpap2mquwn9k0cmh3fxk2y8r4nr7wq6xapsprpmhxue69uhkummnw3ezuer0de4hjtnnda3kjctvqywhwumn8ghj7mn0wd68ytndv9uxjmtpvd5hgctyv4kzummjvuwzdz72 often recently, and he says that Bitcoin is constantly under attack. But because it is decentralized, it cannot be captu...

Achilles · 2w

Protect your corn brother & dont get too greedy 🧡🫂🔐