1/ This is why #Celsius froze withdrawals. ๐
They have half a bil in #WBTC at risk of liquidation if they don't add more collateral, i.e. #Bitcoin!
So they stopped withdrawals & added YOUR Bitcoin as collateral to reduce their margin call.
Now standing at $18k / BTC.
Next ๐
They have half a bil in #WBTC at risk of liquidation if they don't add more collateral, i.e. #Bitcoin!
So they stopped withdrawals & added YOUR Bitcoin as collateral to reduce their margin call.
Now standing at $18k / BTC.
Next ๐
2/ They added over 2k in WBTC to reduce their margin call from 20k to 18k (see both pics).
Whales and sharks will hunt this margin call... half a billion is a juicy target.
Can they save it? Hard to say.
There is another similar situation ๐
Whales and sharks will hunt this margin call... half a billion is a juicy target.
Can they save it? Hard to say.
There is another similar situation ๐
3/ #MicroStrategy, with their 130k BTC. ๐
They need to add collateral at $21k / BTC or they face margin calls!
Sure they may be able to do it without a sweat, but these companies are putting themselves at huge risk.
Celsius already REKT its users to save itself.
Next ๐
They need to add collateral at $21k / BTC or they face margin calls!
Sure they may be able to do it without a sweat, but these companies are putting themselves at huge risk.
Celsius already REKT its users to save itself.
Next ๐
4/ Once liquidations stop in this market, then we can form a bottom.
All this bad debt and leverage has to be flushed. #Bitcoin
Join me on Discord to talk more: discord.gg/JrRv8jKyFN
Like this content? Check out all my threads here: bit.ly/3ySq0Wf
& hit a follow
All this bad debt and leverage has to be flushed. #Bitcoin
Join me on Discord to talk more: discord.gg/JrRv8jKyFN
Like this content? Check out all my threads here: bit.ly/3ySq0Wf
& hit a follow
Here is more context on Celsius, also see next tweet as I warned about this for days!!!
https://twitter.com/DU09BTC/status/1536217177803612164
Liquidation now just under 17k
You can check here live the Celsius vault.
defiexplore.com/cdp/25977
Look at them adding more and more WBTC. ๐
Sharks are after their money and they know it.
defiexplore.com/cdp/25977
Look at them adding more and more WBTC. ๐
Sharks are after their money and they know it.
Update: Celsius tells users to send more money to pay off their debt even if their balance on the platform is enough to do so. ๐ฒ
The catch is that their balance is not real. ๐ฑ
The catch is that their balance is not real. ๐ฑ
https://twitter.com/DU09BTC/status/1537047110687903745?s=20&t=zTDkeWhnmgVChCQ78s5ShQ
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