Duo Nine | YCC Profile picture
Jun 13 โ€ข 11 tweets โ€ข 5 min read
1/ This is why #Celsius froze withdrawals. ๐Ÿ‘‡

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 ๐Ÿ‘‡
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 ๐Ÿ‘‡
3/ #MicroStrategy, with their 130k BTC. ๐Ÿ‘‡

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 ๐Ÿ‘‡
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
Here is more context on Celsius, also see next tweet as I warned about this for days!!!

Liquidation now just under 17k
You can check here live the Celsius vault.


Look at them adding more and more WBTC. ๐Ÿ˜‚

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. ๐Ÿ˜ฒ

The catch is that their balance is not real. ๐Ÿ˜ฑ

โ€ข โ€ข โ€ข

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More from @DU09BTC

Jun 10
1/ I just cleaned my Twitter following list. ๐Ÿ‘‡

If you want to make it in crypto, use Twitter as your alpha. How?

Follow only crypto-related content, no noise. FOCUS.

Here's my curated list of handles to follow & stay on top!

A thread ๐Ÿงต Image
2/ Crypto moguls:

@saylor - BTC maxi
@elonmusk - World mogul
@VitalikButerin - ETH inventor
@cz_binance - Binance boss
@brian_armstrong - Coinbase boss
@BarrySilbert - Grayscale boss
@SBF_FTX - FTX boss
@novogratz - Mogul
@zhusu - Mogul
@haydenzadams - Uniswap inventor

Next ๐Ÿ‘‡
3/ Stablecoins bosses:

@jerallaire - USDC
@paoloardoino - USDT
@justinsuntron - USDD
@robert_lauko - LUSD
@RuneKek - DAI
@KentoInami - UXD
@stablekwon - UST ๐Ÿ’ฉ (follow at your own risk)

Next ๐Ÿ‘‡
Read 13 tweets
Jun 7
1/ I figured up Justin Sun's game with #USDD.

It's plainly obvious.

He plans to finish what Do Kwon failed to do.

Buy as much #BTC as possible now & then when it pumps, print more #USDD until the limit!

He's going long on BTC & will cash in into #USDD.

Next ๐Ÿ‘‡
2/ They just bought 100 mil USDT worth of BTC in their reserve. They used to have 240 mil USDT before (see pics).

If Justin plays this right, he can print 10x more USDD in the future just due to BTC appreciating in price.

If he plays it wrong, he will risk USDD de-pegging. ๐Ÿ‘‡
3/ Luckily, he has 7 bil in #TRX market cap to defend the USDD peg as USDD mcap is still low.

With a bit of luck, USDD won't grow too much and during the coming bull market he can cash in billions as BTC / TRX pumps.

Not a bad game plan. Do Kwon will be jealous. ๐Ÿ‘‡
Read 4 tweets
Jun 6
1/ I received a lot of requests to look into #Freeway.

It promises 43% yield/year. ๐Ÿค”

After Anchor crashed, many of you are eager to lose your money again. I have to oblige & warn you again!

"Is it safe? Should I send them all my money?"

Time to find out.

An exposรฉ thread ๐Ÿ‘‡ Image
2/ What is Freeway?

A rebrand of AuBit, founded in 2017.

They started the old fashion way in TradFi & then realized crypto is the new ball game.

Enter Sadie, a new fresh face with experience in crypto (the "CEO").

Spot anything suspicious? ๐Ÿ‘‡ Image
3/ Their whole team is made of old hats with a lot of TradFi experience turned into "crypto experts".

Sadie is just the new face of the rebranded AuBit now called Freeway. She's after your cash & she's excellent at marketing.

So what is going on here, really? ๐Ÿ‘‡ Image
Read 19 tweets
May 30
1/ ๐Ÿšจ Major breach of resistance by #Bitcoin! ๐Ÿšจ

If this has follow-through tomorrow, this will be a major breakout.

Altcoins are even more bullish.

How will I play this? ๐Ÿ‘‡

A short thread. ๐Ÿงต
2/ The best play right now is to ride this wave up and secure profit at the first sign of weakness on the daily timeframe.

I'd give this relief rally at least two weeks or max the month of June.

Then seriously consider taking profit & wait.

Why? ๐Ÿ‘‡
3/ The macro remains bearish and #Bitcoin may test the 200 weekly moving average (the blue line in the previous tweet) before any serious reversal.

Does the monthly MACD look like we're going to reverse soon?


Wait in fiat & accumulate at & under the 200 MA.

Next ๐Ÿ‘‡
Read 5 tweets
May 28
1/ #USDD is NOT a stablecoin! WHAT? ๐Ÿ˜ฒ

Here's my review of the USDD cryptocurrency on #Tron network. #TRX

Read the above again. This is the label they used for USDD in their whitepaper!

A clear red flag & there are more.

You asked & I delivered. A thread. ๐Ÿงต

2/ What is #USDD?

USDD is a cryptocurrency native to #Tron network.

This is nothing big on its own.

However, if you thought USDD was a regular stablecoin, I got a surprise for you. ๐Ÿ‘‡
3/ Check out this abstract from the USDD whitepaper.

Highlights are mine.

Let me dissect that for you in more detail below.

There is a reason the whitepaper is so... vague.

It's pretty obvious what's going on. ๐Ÿ‘‡
Read 20 tweets
May 19
1/ On March 28 I made a thread on the top 10 reasons why we are in a bear market using stablecoin charts.

The only divergent signals (opposing this view) were from #UST & #USDT.

What happened since?

#UST went to 0 & #USDT lost $9 bil in mcap.

Next ๐Ÿ‘‡

2/ All reputable stablecoin mcaps were falling (#USDC, #DAI, #LUSD), except UST and USDT.

USDT has now corrected this divergence and is falling in the trend (pic).

UST was not so fortunate and crashed to 0 with more algo stables following the same trend: #USDN, #DEI.

Next ๐Ÿ‘‡
3/ UST did not have the backing to account for its mcap, hence it went to 0.

Why so bad? Because of a death spiral:

Buy 1 UST, burn it for Luna, sell Luna for $1. With $18 bil UST to burn for Luna, this crashed Luna's price to 0 and UST followed soon after.

Next ๐Ÿ‘‡
Read 9 tweets

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