The problem with $ETH is that this trade is so momentum-driven that we can't afford to lose the momentum for too long, or the whole reflexivity dies And we're already at almost $4k, which has basically been overheated territory for four years In the same time, with so much energy funneled into ETH, I don't think it disappears immediately after just 2 weeks. And I don't think the treasury companies trade is over, which implies more inflows for ETH and alts.

Alts are still very brutal things to trade 2 weeks of uptrend and half of the move is retraced in like one day on OTHERS/BTC Do I think we should go up again ? Yes, I do Do I have the same level of conviction than on my $BTC long ? Absolutely not

Q: What's your plan after raising $1.3b? A: What do you mean? The entire plan was to raise $1.3b

Saylor is basically issuing a 9% APR stablecoin with monthly payments $STRC is an extremely attractive product

The more stupidity you see on coins, the more cautious you must become Still bullish but monitoring the situation

It's almost like everyone started jeeting $SOL since they've heard about Joe McCann's fund performance

The Pareto distribution in the returns of coins is a nightmare for shorts Because the top performers often end up outperforming the next cohort by 2x-5x If you find yourself shorting them without invalidation, you are in for some pain $PENGU $SPK $ZORA

Shorting new coins is a double-edged sword Down only when there is zero bid in a risk-off market But they can pump very violently once the market goes risk-on

"Why does Saylor need to issue a new preferred stock ?" He is filling the void on this chart to appeal to different pools of capital Each new instrument makes the whole structure stronger, not weaker It will take a lot of time for the market to understand all these preferred before allocating So Saylor might as well issue them and let people digest them progressively MSTR is not very levered right now. He is in a position of strength and is quietly executing his plan

Saylor is planning to raise $500M on his new $STRC preferred share, it will probably be upsized to $1bn Which will be funneled into BTC Saylor can keep clipping $500M worth of BTC a week for a very long time without even needing $MSTR to pump hard