Wilfred Kirby

@worshipbitcoin Agree. Saying this goes against what he has always said. BTC will survive. Saylor is all over the place. And under pressure. He may well flourish but may continue to put unnecessary pressure on himself with these products.

To me this is the most significant pivot I've seen from Saylor yet👇 What happened to $21M per BTC in 21 years? "To go from $100,000 right now where we are, to a million dollars a coin, we need capital. And that means credit. And we either need digital credit that companies like Strategy and Strive create, or you need bank credit,which gets created by Morgan Stanley and Citigroup and JP Morgan. If they don't enter the market, then Bitcoin stagnates amongst the fundamentalist.And if it stagnates, at best, it becomes 0.1% of the world's capital structure."

@Croesus_BTC @WhiteWhaleLabs 11% yield bearing assets are unprecedented. MSTR has shown huge greed in its accumulation MSTR has employed leverage timed badly None of the above ends well. Ever. No one can prove otherwise. Perhaps this is the first time it does end well… we’ll see.

STRC down to $82.6 today. Here's my read: 1. Strategy is fine. If everything stays as is, they can pay STRC dividends for 32 years. If BTC appreciates at ~2% CAGR, they can pay dividends indefinitely. 2. Why the sell-off? This appears to be a liquidation cascade. Over the last 6 months, the narrative became that STRC volatility was reducing, and price began to spend all its time in $99-100 range. This invites leverage. If you expect the price to always be north of $95, you can take on 20x leverage with your portfolio to buy more STRC and dramatically increase the yield on your portfolio. This works great, until it doesn't. STRC is designed as a free-market asset. When attention shifted to SATA and STRC price flagged, it may have raised the attention of opportunistic short-selling hedge funds. By shorting aggressively, they could push the price down and start triggering margin calls and liquidations from folks who aggressively levered up their STRC positions. The price action today is a clear liquidation cascade, rapidly pushing prices lower, in turn triggering additional liquidations. 3. What happens now? The market will heal itself. Opportunistic hedge funds will recognize that this is a firesale and the fundamentals are unchanged for STRC and step in as buyers. Shorts will close, becoming buyers. Individuals are getting a tremendous entry price for long-term holding STRC shares. Buyers at this level will get ~13.7% effective yield. If STRC trades back to $100 and they sell, they get an easy +18% return. 4. What will Strategy do? Strategy will likely increase the dividend rate on June 30 - maybe to 11.75% but possibly to 12%. Buyers at the current price level then would get 14.2% effective yield from that point forward. Strategy may also step in to buy STRC shares back. They could do this by issuing new shares of MSTR (currently at 1.14 mNAV) or by taking on traditional debt and deploying those funds to buy discounted STRC shares on the market. If/when STRC trades back to $100, Strategy could then re-issue those STRC shares. The ~$15 delta per share could be used to buy BTC as pure accretion to MSTR holders, with no net change to amplification. No doubt that Saylor has already at least considered this, and it wouldn't surprise me if they're currently doing this. 5. In summary... The market is freaked out that this depeg is like Terra/Luna... but this is not an asset like that. Strategy's balance sheet determines whether STRC continues to receive dividend payments... and Strategy's balance sheet is completely unchanged. This is a leverage wipeout. From this, the market will learn that Digital Credit is mostly very low volatility. But because it is a free market asset, the longer that a Digital Credit instrument trades within a tight range to par... the more leverage will inevitably pile up as people get greedy. And that creates the conditions for a leverage wipeout depeg. Following that, the instrument will make its way back to par value as the market heals itself and recognizes that the dividend payments will continue uninterrupted because the issuer's balance sheet is unaffected.

No forward guidance. Code for - insider knowledge allows greater insider trading and more wealth inequality ?

@natbrunell @saylor As long as usage of BTC network keeps decreasing, Bitcoin is not going in a positive direction. That’s the bottom line in my view.

There’s a big philosophical divide in Bitcoin right now. One camp believes Bitcoin’s greatest strength is minimizing reliance on banks, treasury companies, and intermediaries…prioritizing self-custody and individual sovereignty. The other argues Bitcoin’s next phase of growth requires global capital markets. That includes Bitcoin-backed lending and new forms of digital credit that bring trillions of dollars from traditional finance into the Bitcoin economy. Michael Saylor’s argument: that’s ultimately how Bitcoin goes from $60K to $1 million. He also argues these aren’t opposing visions…they’re complementary. Where do you land?

@joao_wedson I’ve been looking today and yesterday. Lots of alts looking bottomed. Or very close. Perhaps one more quick trip down though (if we’re lucky I suppose ). This is more aligned with what I expect from BTC. Alts May bottoms here before BTC does though.

An interesting Litecoin update and on-chain levels that marked price bottoms in the past.

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@HodlMagoo $75-$80 worth a bid imo Otherwise stick with BTC Could get really messy

This is just the kind of response that will tank $MSTR under $100. Bookmark this.

@MCNPA @CryptoKaleo Clarity doesn’t matter that much. It’s just hype. Yes, benefits to industry are real but as far as BTC is concerned it’s just narrative. Market can punish MSTR and BTC still survive and flourish. With or without MSTR

I’m gonna be honest. All of this FUD is going around but you have like under 3 months to kill Strategy until BTC starts mean reverting and going up for a very long time. I simply don’t see that happening. If Clarity gets signed and passes soon, it’s gonna be a long waiting game.

I spent a lot of time on this article & it was a difficult conclusion to reach. I’m as bullish on Bitcoin as any person on this app, and continue to be. But I do believe there are fundamental issues with MSTR that must be addressed. And I’d rather it happen sooner than later.

@RichLassiterMD @murphonchain @CryptoKaleo Agreed. These are the only circumstance I would buy STRC. At a discount. Probably worth a punt at $95. With a small potion of risk. Or as a trade rather than for income. Otherwise just buy and hold BTC

@murphonchain @CryptoKaleo I'm not sure if you're new to the yield game, but if you buy STRC today, your yield is higher. If you bought it at 100, the yield is the same today. However, MSTR is prob going to raise the dividend from $11.50/yr to $11.75/yr nxt month

@RichLassiterMD @CryptoKaleo Market didn’t react. The BTC chart clearly showed this was likely to happen before the sale.

You said you spent a long time on this. You should have spent more time on it, bc Saylor is a far cry from SBF. SBF traded against his customers with his hedge fund, both teams operating out of the same room, illegally used his customers’ assets to make investments, and still went bankrupt. Conversely, Saylor/MSTR publishes price, debt, and share obligations on their website. Closing out $1.5B of convertible debt at 0% coupon for $1.38B reduced dilutional share count, removed the obligation, increased ₿PS by doing so, and reduced the convertible debt arbitrage put option’s sell pressure on the price all at the same time. Saylor also said he “would sell some bitcoin to innoculate the market.” I wish I’d known how much the market would overreact to selling MSTR 0.0038% of their bitcoin to prove a point, but this is certainly now a buying opportunity. Volatility is Vitality.

@skrollups @CryptoKaleo Saylor can’t sit on his hands. If he just bought and held there wouldn’t be the complication.

@CryptoKaleo there is a fundamental flaw in your thesis if Saylor is pushed into a corner, he can sell a portion of BTC to secure 2-3 years of runway and simply sit on his hands without issuing further equity or buying BTC for next 2 years there is nothing anyone can do to kill Strategy

@OrderBookShow Agreed. I think some MSTR capitulation is healthy and would hopefully form the bottom. It’s just how far down MMs push.

Tradermayne shares how, for the sake of our industry, he hopes he is right. "I think narratively, and just from a numbers perspective, his having to sell more and that being the catalyst that really creates the bottom.. and then him ending up being fine once we do end up having another bull run, works really well."

@venture_charts Thanks as ever for the analysis.

bitcoin:native update 6th June 2026 These video updates are for educational purposes only and should never be considered as investment or trading advice. Consult and expert and take responsibility for your actions. In the last Bitcoin update I explained that on 12th May a negative energetic force had entered into the crypto market. That data told us that the final two neutral cycle components would therefore be a downtrend and that any rally attempts would fail. That has now played out. That video is attached below. The sum of the evidence still suggests that this is a period of risk and that any upside attempts will struggle to gain traction and due to the Principal of Synchronicity velocity can still enter this market place. The ideal targets would sit external to value as explained on this video. Long term followers will know that for many many weeks I have said be very careful into late May / early June because there is potential for a hard sell. I track several sectors in DC and there is a syncing in all sectors, which indicates that there could be some exceptional offers available later this year. Patience is a position. As always, thanks to those few who support the feed. It is greatly appreciated and this feed is often shadow banned so comments do help spread accurate non-biased and educational focused analysis.

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@SimonDixonTwitt @shrugit_ Agreed. Currently Bitcoin is having an identity complex. Network usage down. Coins in too few hands. Not what it was meant to be. Hopefully it survives.

@shrugit_ Welcome to unwinding adoption. Adoption is those using Bitcoin in self custody.

Another one bites the dust. Cantor, Lutnick, & the financial-industrial complex are wrapping as many Bitcoiners as possible into collateralized debt obligations for the financial-industrial complex. ✅ Jack Mallers ✅ Adam Back ✅ David Bailey ☑️ Next…?

@sitbyriver9026 @TechCharts Yes $75 - $80 is my level. Suspect Wall Street may like to liquidate him though … (at least partially) Unless Trump does take a stake for US. Many scenarios !

@TechCharts Buying at $80 will be a dream scenario

$MSTR If price and time symmetry will be respected in the possible H&S bottom reversal, this is the max correction for the right shoulder. Breakout above the neckline will be the signal.

@Larskooistra_ $NKE had 40% run during 2018 and 2022 football world cups. 200MA is about $57 That’s my target. May TP some here.

Study.

@NefarianTrading $NKE had 40% run during 2018 and 2022 football world cups. 200MA is about $57 That’s my target. May TP some here.

NIKE +4.4RR Clean #TCT model 1 accumulation - NY market makers heavily filled their bags on each NY open last week exactly at 15:30, see red circles on the 3rd picture. 3rd tap and BOS confirmation itself also being on monday 15:30 UTC+2.

@SagarH62 Not reading all through the comments. Shane Lee. Brother of.

Only real cricket fans will get this one 👀🏏 No Google. No hints. Who is he? 👀

One reason technological revolutions can create confusing market environments is that productivity gains often take years to materialize. Capital spending, speculation, and expectations can move much faster. Markets tend to price future outcomes long before the economy fully experiences them.