Not necessarily true, depends on how it was acquired. If I had 50k in Bitcoin and 50k in USD debt to buy more Bitcoin, I’m negative net worth but I’m not liquidated.

I cannot believe how many people sign up for products where there is real time liquidation risk.

And honestly @jack mallers why can Strike not create a product where this isn’t the case? If you believe in Bitcoin so much, why are you not willing to take a little risk on being under-collateralized on the loans for a few months if it means people are able to retain their capital? Bitcoin is going up after all…