BTC

JohnnyStrides

Why would I sell my BTC? It's the only coin that's actually doing anything meaningful. I have a few ETH I should probably unload but my ACB is so low I might as well ride it out. I certainly won't be stupid enough to buy any alts, that ship sailed long ago.

IShootWide

Frankly, I’d sell it all. Trump, Saylor, these guys can afford to loose their entire BTC holdings. Can you? Don't be the last guy holding.

IShootWide

Well, I guess so. I mean if you count the bodega on the corner. You keep making yourself feel better brother. When you have EVERY BTC treasury executive finally admitting that it will never be used “but don’t worry, now it’s storage of wealth” I am absolutely positive that you know better than them my little internet friend. You should be in charge of the world.

No_Balls_No_Glory

Question, why sell the land ? Isn't smarter to keep the land, use equity from it then buy more BTC or metals ?

Automaton9000

Lol why not monero or something similar at that point? An untraceable BTC seems like a lot of work to both buy and sell. And it could ultimately still potentially be traced.

GoldmezAddams

A couple things wrong with that. For one, trade is not zero sum, it is positive sum. Both sides value the other side of the trade more than their own or else they would not voluntarily make the trade. Both sides walk away with more subjective value (the only kind of value) than they started with. There does not need to be a loser or a "correct side" of the trade. Additionally, there is not a fixed amount of value / money in bitcoin. As demand to hold bitcoin balances grows, the market cap / value of the entire pie can grow. The price of bitcoin can rise with demand and one could gain purchasing power (or dollars, if we have to go there) from it, without someone else having to have bought high and sold low. Nobody had to lose a trillion dollars for BTC to reach a trillion dollar market cap.

BigMeatyProlapse

Congrats man, this exactly mirrors my timeline with BTC and ETH. Bought around 35K and 1.575K average prices per coin, respectively, and sold in November around 120K and 3.8K. Seven figure profit. Nobody wants to here it but I am out for good and expect a BTC low of 45K. Don't even care about ETH at this point, nothing but BTC matters for speculation or usefulness (ie money laundering).

pappa4484

he already sold a few BTC. now he gonna sell a lot more

Enough_Background777

I don't buy crypto, but BTC has to be near the bottom rn. It's held up quite well, IMO

john_wilkesboof

Especially when the military has a BTC miner now lmfao plus when quantum cracks the last coins like an egg

OldHamburger7923

You don't understand BTC. It doesn't matter what it costs. The point is the ability to transfer without a third party. And we can subdivide it further if sats become too valuable in USD by adding additional values after the decimal.

john_wilkesboof

Um if I had a million dollars I wouldn't mess with BTC anything last 50,000 I get one coin at that price and do real estate or something 🤣 I hit 6bdigits and honestly haven't boughten one sat just because I don't feel like I need to take risks anymore

ubermensch1001

Isn't it amazing how stupid these people are? They have 18 months worth of cash to cover dividends and this is move here allows them to sell a small portion of their BTC if they absolutely need to. Literally talking about the possibility of selling 2-3% of their stack at current prices if they really need. Most of these people don't understand how Strategy works.

EndSmugnorance

If untraceable self-custody is your goal, why not Monero? It’s quite undervalued compared to BTC.

unknowngloomth

I'm currently sitting on unrealized profits. This one coin has been performing well in this bear. Holding steady during BTC dips and getting adoption..

MetaGryphon

Why owning BTC if it is to never sell them? At the end, profit is in fiat , not bitcoin.

r2cyp

People see BTC green one day and think we are back. True gamble addicts https://i.redd.it/vpmpj6emiaah1.gif

tenor_tymir

Nah, see that’s where you are wrong. Strategy buys BTC that is already on existence and not newly minted directly from miners.

TaltineDawn

The “death spiral” narrative sounds clean on paper, but it leaves out a few important realities. First, MicroStrategy isn’t a forced-liquidation fund. Their debt structure is long-dated and mostly not margin-style. That matters because it removes the immediate “price goes down —> instant liquidation” mechanic that actually creates true spirals. Second, the preferred dividends and obligations are real, but they’re not automatically “must sell BTC tomorrow” triggers. They have multiple levers: issuing equity when conditions allow, refinancing, restructuring maturities, or using operating cash flows from the software business. It may be uncomfortable, but it’s not a binary trapdoor. Third, the idea that selling a small portion of BTC automatically causes a cascading collapse assumes a very fragile market. Bitcoin’s liquidity is deep enough now that even large sellers tend to be absorbed over time, especially if it’s structured and not panic driven. Also worth noting: the “they broke the never sell rule with 32 BTC” point is mostly symbolic noise. That wasn’t a structural shift, it was housekeeping-level movement, not evidence of a new liquidation strategy. The real risk with MicroStrategy isn’t a guaranteed doom loop, it’s leverage plus volatility. If BTC has a long, deep drawdown, their equity can underperform badly and funding gets harder. That part is valid. But “automatic spiral to zero” requires conditions that aren’t actually hard-wired into their balance sheet. So it’s not a ticking time bomb in a mechanical sense. It’s more like a highly leveraged bet on Bitcoin that can survive a lot, but would get ugly if the downside lasts long enough.

Key-Rutabaga-3572

bot what? Asking a question, that's the best argument. BTC value is speculative so far

AdmitThatYouPrune

The USD is the most widely used currency in the world (almost $10 trillion in transactions daily). The problem with your analogy is that BTC isn't really functioning as a currency. It's functioning as a speculative asset.

Sea-Macaron-4964

It can survive, but there will definitely have to be some adjustments in energy consumption. At residential electric rates, it's gonna be tight, especially since we all know that residential is the first place power companies come after when they want to cut electricity usage. Reducing that power demand is gonna be key. I suspect a lot of it is going to come down to consolidation, kind of like what hosted mining companies are doing, bringing everybody's rigs together in a place where the electric costs are lower, but instead bringing everybody's rigs together in a place where the power is plentiful. Since you've got BTC hosts like Epic Mining running off green energy already, I imagine this being the wave of the future - instead of solo mining off your residential power supply, I could see groups of people linking up and creating solar or hydro power centers where they can group mine. I don't think it's going anywhere as long as miners are willing to adapt and innovate, and i think the best miners are doing that already.

JohnnyStrides

Leverage will always exist and be applied to most investment vehicles. If you want BTC to crash just to shake Saylor out do you really think there won't be another treasury that just plays things slightly differently?

oki_sauce

You should watch a video about how to use it and how cold wallets in general are used and why they are used. Dont get sucked into the meme coin trap (assuming youre planning on buying crypto) start with BTC and the further you go down the line, the more risk youre taking on.

Calenwyr

The price needs to stabilise before it could be used as currency the price of things doubling ir halving every few months makes it impossible to use as currency. Imagine you got paid 2 BTC a year (6 months ago your wage was 240k and now its 120k) 6 months from now you could be on 180k or 60k per year who knows. That uncertainty makes it non-viable as a currency. It becoming a currency would be against the interest of probably 90% of the current holders and so its not likely to happen.

JohnnyStrides

But either is only worth as much as people want to own it... and BTC wins in that category. It's the more desirable baseball card.

Reach_Beyond

When in doubt BTC dip.

nafnaf0

Yep. They can now fund MSTR stock buybacks by monetizing BTC. Because MSTR shares often gets depressed far more than Bitcoin during the bottom of bear markets, selling BTC at bottoming to repurchase those heavily discounted shares creates value for the common shareholders. It is an active treasury maneuver capitalizing on market volatility and buyback discounts to structurally increase shareholder value when it is most advantageous.

Reach_Beyond

If BTC goes back up and this continues for years. He could surpass madoff level of fraud. Not saying it’s all a fraud, for cryptos sake we don’t want that.

Ace2021

Went mainly for the BTC transaction but wasn’t disappointed in the food at all.

Ace2021

Three Bitcoin burger combos, one single combo, two shakes, and a Red Bull type drink my other friend got. I paid in BTC for the novelty and to show friends, they paid me back then I rebought the BTC via River exchange. Just shows how fiat inflation is ridiculous. If BTC price was near ATHs this would cost half the sats though.

Ace2021

I hope so! Also, I replaced the BTC after purchase just in case. Keep in mind 90k sats was for the shake + multiple meals.

etaoin314

whoever told you that was probably trying to sell you more mstr stock. The only way that works is if they can get spot price for their entire stack with no slippage. If you think that is true, let me tell you about a lucrative investment in my bridge, that I will open up just to you for a very special price. seriously, though, I dont see how you can believe that narrative after the last few weeks. they sold 32 btc and it dropped several %. maybe causal, maybe coincidence, either way it did not give any credence to the idea that they could actually monitize their stack. that is the only way that they can survive for any length of time. Bitcoin does not generate cashflow, their business, is negative cashflow, so that means they have to sell something, either stock, preferreds, or BTC. Nobody is buying the first two when bitcoin is on the ropes and falling, and if they sell the BTC that makes the first two even more unattractive. Right now the only thing that saves them is a sudden massive influx of investment into bitcoin....from somewhere. barring that, they are cooked, maybe not today, maybe it takes a year or two, but the way I see it is that the cycle is their final hope. If the cycle holds true and we hit bottom in the next few months and then recover and reach new ATH, then great, congrats your mistr will be worth a fortune. If the cycle breaks they are cooked.

wolfenstein734

Im assuming they sell BTC to buy back STRC then resume buying BTC by issuing MSTR?

bambil00

I'd say the bigger risk is a nasty economy, not one random regulation headline. If jobs get hit hard and people need cash, some holders won't be selling because they want to, they will be selling because they have to. That kind of pressure would test BTC way more than the usual government noise.

ratpH1nk

Except their share price where is behaves like a high proxy beta and declines more than the actual BTC price drop. So the first thing that has happened is stock price. >540$ in 11/2024 to \~90$ now? Next up is this Strategy prepares to sell up to $1.25 billion of Bitcoin (thestreet.com). That’s not part of the plan, for sure.

fan_of_hakiksexydays

2024 was after an over-exhausted bear market, and when things started to breakout and get bullish. Selling in 2025 in the middle of a bear market would have a lot more consequences. Look at how the market freaked out over him selling just 32 BTC.

Abject-Stretch-1187

You’re an idiot. We don’t all buy BTC for the same reasons. 

Gears6

Yup. I agree with the, /u/Gastenns, but at it's essence it's still very similar. It's just the footprint is different. Crypto, especially BTC has very limited utility, whereas stocks i.e. ownership in companies tend to have much wider utility. Anyhow, I'm banking on crypto people not understanding it to make money. 😜

Adventurous_Wrap_712

Why force direct BTC acceptance though? In most places it seems easier to use something like Oobit and pay through Visa rails, while the merchant still gets a normal payment

BaldBear_13

If you are buying, somebody is selling. If BTC keeps growing steadily, then yes, everybody can profit. But BTC does not grow steadily. It dropped to ~$60K now, and last time it was that low was in 2024. So when you are buying it from somebody today, what are the chances that they bought it before 2024, did not sell it in 2025, but are selling it today?

xcrunner2414

Ha, I’ll be buying your Bitcoin! I’m prepared to buy another $15k worth of BTC when/if the price approaches $50k /BTC.

Ididitforthelulzzz

Hindsight is 20/20. If you think owning BTC is a ponzi scheme then you are missing the mark.

stellarfirefly

A. Don't try to time the market. B. Don't let your emotions make your financial decisions. C. If you can't do A and B, then perhaps BTC isn't the best investment for you. Consider the S&P, perhaps? If you'd have done that 5 years ago, then you would be seeing a +72% gain today, which is quite good for something as reasonably safe as it is.

Ididitforthelulzzz

When Binance knocked over Luna and later FTX completely out of the game, they massively profited. You can make the same argument that their clients own the BTC and not them. They still did it anyway. I don't follow your argument here.

BennyOcean

His real problem is that this whole bitcoin strategy is stupid. He should have just loaded up on AI stocks and especially the semiconductor suppliers. If he was a real visionary he would have identified the booming market opportunity. Instead he sat with billions tied up in a declining value asset. He is no visionary. If he was a visionary he would have bought BTC when it was sub-$1000. Again, his whole strategy regarding crypto and how to profit off it has been stupid and doomed to failure from the start.

UpbeatFix7299

When meme stock conspiracy theories start showing up, that's always a great sign. Financial companies like blackrock don't want their BTC. Because they don't own BTC. Their clients do. Just like the company that manages your 401k doesn't own the investments you have in it. I don't know why this is hard to understand for the "durr these few companies own 88% of all stocks" crowd.

OkRip7540

The protocol currently prints 13,500 BTC per month. Strategy buys on average 16,500 BTC per month. If Strategy stops buying BTC, that will have a huge impact on BTC prices. We're currently in a downturn - now is not a good time for them to be selling BTC

No1orangepilled

BTC is an experimental setup, not the experiment itself; it's running now for the first time as an experiment. Once/if it's finished, the experimental design will remain for further attempts to run this experiment.

OkRip7540

I mean, they don't include treasury bonds as equity either. In it's simplest form, the biggest issue was Strategy carrying something like $7.5 billion in corporate debt with less than a billion in cash reserves. The proper fix is to raise cash reserves which they are doing through stock dilution. Strategy doesn't need to sell any BTC to earn a better rating, they can just sell equity to continue raising cash

fan_of_hakiksexydays

Pretty much every week there's some bull saying "this is definitely the bottom" or just making fun of people for shorting, and pretty much every week I make more money from shorts.🤷‍♂️ It's been free money. And with that free money, I'll be buying BTC for free, twice a month, starting in September, or if it goes below $45K (about -65% from ATH). Whichever comes first. That's strategy. Take some notes Saylor.

SilverPrivateer

One month ago I posted this, and you called me crazy. Well, the MNAV went below 1.2. Then below 1. There's no more playtime. Now Saylor is preparing to dump billions on your head. You had your warning. Now you get the consequences. "Dear Bitcoiners, Hope you're enjoying the pump! Just remember - you would be at 35k without us. Did you read the latest Saylor tweet? "Buy more bitcoin than you sell..." That's right. If you allow our stock to dip below 1.2xMNAV, it now becomes accretive to shareholders to sell BTC to buy MSTR. That's right. Your precious coins will get a big, stinky dump. This is a threat. The MSTR army is kind. But we will not tolerate betrayal. You scratch our back, we scratch yours. You support our chart... we support yours. But if you lets us fall, we're taking you with us. We stink on you and all MSTR holders get bitcoin gain from the sale. That's right. We gain bitcoin, you get agony. Your final warning, from the MSTRer army. So let's keep this pump going... it would be a shame if the music suddenly... *stopped*"

OkRip7540

The real test is if BTC can uphold it's value after Saylor stops buying BTC and instead sells 20,000-40,000 BTC. If the price can hold up relatively well, then yes, it will tell banks that BTC is liquid and has value

Rickard403

In what ways would BTC be more accessible? It's not like exchanges are simply out of BTC.

baIIern

Remember when BTC never fell below the old ATH?

OkRip7540

The buy back is for 1 billion in common and another 1 billion in preferred. Strategy will need to sell alot more than 1.25 billion in BTC to cover those two actions. Not to mention they owe another billion in corporate debt next year. What remains to be seen is whether Strategy stops buying BTC altogether. I think that will have a bigger impact on the broader BTC market.

rockhoundlounge

It's not even really about BTC noobs vs. veterans. It's about good investors investing what they can afford to lose and holding till profit vs. people trying to get rich quick and trading on emotions because they're way over leveraged.

OkRip7540

>one of the criticisms from the rating agency S&P was that they were committed not to sell any Not quite, the concern was "currency mismatch" - Strategy claimed BTC as a liquid currency reserve but S&P disagreed and gave them a "junk" rating. S&P couldn't care less about willingness to sell or buy BTC, they care about the end state of the balance sheet and Strategy has been carrying low cash reserves for a while and that presented as a risk. Bringing cash reserves up to $2.5 billion helps to bring their balance sheet in line with modern risk thresholds - how they fund that cash raising effort is entirely up to them. Strategy doesn't need to sell BTC to fund cash reserves, they can sell equity via MSTR or STRC to do so

OkRip7540

The real question is, will Strategy continue buying up BTC under this new plan? Strategy is currently a net buyer of BTC at an average of 16,500 per month. What will the new net activity look like? So long as it's still net buy, I don't think we have anything to worry about

Jake0024

I'm always curious what BTC enthusiasts think they mean when they make claims about being "decentralized" Why is that a good thing? To what extent is BTC actually decentralized? How do you measure that? What would it take to stop being decentralized?

_BreakingGood_

Yes, I really feel the reason BTC is stagnating is in big part because of Strategy. If they catastrophically exploded tomorrow, BTC would be more more accessible to normal people.

thinkingperson

Based on the charts, most recent date for op to have bought MSTR and "lose" 76%+ is 6 Oct 2025. MSTR is doing what it does, multiplied BTC both ways. If op and wife bought bitcoin then, it would have been at 125k, at the market peak, they would be down 53k. They would be complaining that they lost 53%!! Boohoohoo

mallenby1

BTC isn’t dead, we are just very, very early. Even though the general public is dumb as rocks EVENTUALLY they will be forced to come to terms with the fact our government, like most others. Spends taxpayer money like a drunken sailor is a wh\*re house. There will be no choice if you want to not be a financial slave.

EdHarleyTheThird

I bought BTC in 2011. How you like them apples ward monkey?

JPM1216

So he is buying BTC high and now selling low. This regard belongs in WSB! Or at least the dense people who buy this do…

Glass_Culture_6209

BTC is useless? If so , what is USD or EUR? Colored paper and someone telling you its worth something🤣 Not to forget the inflation! I paid a lot of things with btc and for me its the best thing to store value!

devCheckingIn

Was that the shortest bear market in BTC history?

actuallyserious650

No. Just no. The dollar is backed by the full faith and credit of the United States government, which not only means that the entire apparatus of our government is invested in keeping the dollar functional. Some of the value that underpins the dollar is the real physical value of the assets owned by the government, but much more importantly, the government has a legal right to levy taxes on everyone within its borders. BTC has literally none of that. No assets, no political power. It’s just a club with a special set of rules that promises that its rules protect the owners of the club. Not saying it can’t work, but the two are not the same.

Accomplished-Sand334

And the difference is here that companies can choose to not upgrade linux. They control the upgrades. For BTC, they do not. See the fucking difference please.

ZUU_Music

*"They need to sell BTC to save both MSTR and STRC from plunging even further"* The irony.

DesertDissident

Respectfully, I'm not sure why you're telling us that you sold but you shouldn't need to apologize for it either. If you sold at the bottom then you did your buyer a favor. If you protected some of your wealth during a crash then who can blame you. The drop does feel bad but I never viewed BTC as a short term investment so much as a store of wealth that can't be seized by a government and shouldn't be destroyed by hyperinflation in case I ever need to pack up and leave. Something in addition to a (lesser) emergency fund or retirement - though who knows, maybe it will be worth a fortune by the time I retire. And Ron Paul is still right ;)

MysteriousJaguar4577

This is BS, if anything he will be buying more BTC, he just sold more MSTR to cover and dividends owed for the next 17 months … do your research bro. !!

Forevererer

Absolutely sacrificing. Be wary of “crypto”. After a bunch of years I only allocate to BTC (98%) and ZEC (2%) and this point.

No_Growth1420

Argument against: The system still mostly relies on centralized institutions like CEXs or other institutions for custody. In some sense, BTC didn't achieve its decentrlaization promise. Also quantum computers could present a menace but the protocol will surely adapt also.

kroxldiphyvc

The US Dollar is also, in fact, useless. Just like BTC isn't backed by anything neither is the US dollar... and technically it's not even money, it's debt currency...a prommissary note representing someone else's debt that has been passed on to you, so congratulations!

Generationhodl

"My investments have destroyed BTC over the last decade." So your investments did +8,820% ROI with a +57% CAGR over the last 10 years? jeah sure buddy. good luck with your fiat dollars LMAO

No_Growth1420

Wow that is really a lot. If you already have a safety cushion I would suggest looking at stocks and ETFs and if you have a strong conviction about BTC invest in it but keep in mind that it is still considered a very risky asset.

AutoModerator

Post is by: AIautoagent1 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1uiyf1z/are_accelerating_cbdcs_and_dedollarization/ The most important monetary story right now isn’t an ETF or halving — it’s that CBDCs have quietly moved from “white paper” to “live infrastructure” in a handful of key economies. If you zoom out using the Atlantic Council CBDC tracker, the map is getting crowded: over 130 countries are exploring CBDCs, and we now have multiple fully launched projects (Bahamas, Jamaica, Nigeria) plus large-scale pilots in China (e-CNY), India (wholesale + retail pilots), and the euro area gearing up for its next phase. The IMF is literally running training programs on “macro‑financial implications of CBDCs,” and the BIS/WEF crowd are treating this as the next layer of the global monetary system, not a side experiment. In parallel, you’ve got real de-dollarization chatter: BRICS discussing alternative settlement, more bilateral trade in local currencies, and a world where cross‑border CBDC rails could eventually bypass the traditional dollar‑centric correspondent banking system. For crypto, I don’t see CBDCs as competitors to Bitcoin or stablecoins in any meaningful way; they’re competitors to bank deposits and cash. A CBDC is just a more programmable, more surveillable liability of the same central banks that have been running negative real rates and serial QE. If anything, the stronger the push toward tightly controlled digital fiat, the clearer the contrast with permissionless, bearer assets like BTC. At the same time, institutional adoption is aligning around this: US spot BTC ETFs, publicly traded miners, sovereign wealth funds and RIA platforms slowly onboarding. The macro backdrop is still structural fiscal deficits, high debt-to-GDP, and a political bias toward financial repression rather than explicit austerity. That’s supportive for scarce, non-sovereign collateral. My response is pretty simple: with CBDCs accelerating, I keep everything off exchanges in self-custody on a Ledger — the whole point of crypto is the exit: https://shop.ledger.com/?r=earning-hq&utm_source=reddit&utm_medium=social&utm_campaign=cbdc&utm_content=ledger and I use Coinbase for regulated exposure and fiat on/off in the US since it’s the most compliant ramp: https://coinbase.com/join/earning-hq?utm_source=reddit&utm_medium=social&utm_campaign=cbdc&utm_content=coinbase Curious how everyone here is actually pricing CBDC risk: Are you increasing BTC/stablecoin allocation as a hedge, rotating into more private L1s, or just assuming CBDCs will be slow and clunky like every other public-sector IT project? Ledger and Coinbase links are affiliate links. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

VividBackground3386

My investments have destroyed BTC over the last decade. And it’s money - that I can spend. Imagine thinking you’ve got a load of wealth, when the first thing you need to do to buy something is sell your shitcoin to the next mug. To actually receive fiat. Because nobody wants your shitcoin.

aelewis92

I think about this a lot. Governments and corporations jumping on bitcoin scares me because it feels antithetical to the OG mission of bitcoin. I understand it’s important for eventual widespread adoption, but it does feel icky (be kind to me if you have feedback on this — I’m fairly new to the BTC community)

SteelCZE

Saylor is a fraudster who manipulates the price of BTC. the sooner his entire strategy collapses, the better for bitcoin

C-Dull

BTC has been trading pretty much sideways for 4 days straight. So fun

UrbanGrower187

It’s an authorization to sell up to 1.25 Billion in BTC. They also announced 1 Billion in common and preferred share buy backs.

Kgc1911

It's so funny that people think 1 billion BTC sold will matter...

PressDoubt

Ofc he knows this will turn out to be 600 million of BTC in practice because the price is going to crash now ….

cincy15

I’m convinced anyone who doesn’t believe in BTC as a store of value (wealth) has never left the US or their local city.

Objective_Young_1384

Has no place for BTC, while it is the top 16 asset in the MC 😂

zuma40

Why cave now? If you need the money i get it. But there is too much institutional enranglement for BTC to just go poof and disappear forever

pappa4484

yep gotta make it official when the big sale of BTC comes. saylor realized he cant hold forever

cryptolipto

Another BTC maxi I see.

DWHudson1970

I purchase BTC weekly. Regardless

Historical_Blood_408

honestly a fair question — alts as a whole have underperformed just holding BTC for a couple years now, so the rotation thesis keeps getting punished. the counter is people are chasing the handful that 10x'd, ignoring the 90% that didn't. are you fully off alts, or do you keep a token bag in case the rotation finally shows up?

Historical_Blood_408

keying alt exits off BTC's macro instead of the alt's own price is smart — alts mostly just lever BTC's direction, so BTC topping is usually the real sell signal anyway. the mstr/strc angle is an interesting catalyst to watch too. when you say catch the bottom then sell x3 — is the x3 a hard target you walk away at, or do you reassess once you're there?

Mariahausfrau

I stick in BTC thanks. No more roleplays for me with random alts.

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Post is by: Direct_Band896 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1uiwkc5/the_13day_etf_outflow_streak_finally_broke_dip/ The spot ETF outflow streak ended at thirteen days on June 3, with $4.33 billion total leaving since mid-May. Then on June 12 we got a $145 million inflow day. The question is whether this is the start of a reversal or just a short covering rally before the next leg down. I pulled BTC funding rate data from Coinglass and a couple of exchanges I use to get a wider view. On BYDFi the funding hit around 0.01% when the inflow showed up on June 12. In real breakout scenarios in January and April, funding spiked above 0.06% within 48 hours of the first inflow day. The current level suggests this is more repositioning than new leveraged demand. OI is saying the same thing. Total perp OI for BTC is down roughly twelve percent from the May high. In January, OI grew into the breakout. In April, it stayed flat but did not drop. Now we are seeing lower OI combined with neutral funding, which usually means shorts are covering into weakness rather than longs piling in. The other thing that makes me cautious is the ETF flow composition. The June 12 inflow was mostly into BlackRock's IBIT, but FBTC and Ark's ETF still saw small outflows. That is not broad-based buying. It is one or two large allocators rotating, which can reverse just as fast. I am not short here but I am not adding size either. Waiting for either a second consecutive inflow week or funding to actually spike before calling this a bottom. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Otherwise-4PM

It seems like whatever happens lately hits BTC traders first.

Healermagnus

Don’t sell, you can post the BTC as collateral… some (side) lenders offer this.

usrname_chex_out

Honestly when people ask me, they usually ask, “do you have a whole Bitcoin” (which I brush off without answering directly). Likewise, I’ve heard more “I have a quarter Bitcoin” than I’ve heard “I have $15k of bitcoin”. Even on this sub it’s “I want to get to 0.5btc” not to a certain dollar amount. It’s obviously a long way from being stable enough to easily price things in BTC the way you can with the dollar, but that’s to be expected at this stage

Mattie_Kadlec

They used so many words to say they will be selling BTC lol

HSuke

All their shareholders were pissed off they kept diluting MSTR, and their STRC shareholders were pissed off they were letting it free fall without any communications or long-term cash reserve. Today's announcement was the most sane and self-preserving thing they've done in the past month. They need to sell BTC to save both MSTR and STRC from plunging even further.