Yo 3AC takes a Billion in loans from the biggest lenders.
OH NO, the collateral is now worth Zero.
Liquidation = more pain
100k Bitcoin longs are on margin in loss, yes in the loss. RED
FOMC = 100 points rate increase. Maybe 75. MORE RED.
Saylor is down 1,4 billion in unrealized losses.
Conclusion:
This fuckers was our exit liquidy.
Jokes beside ( even if true),
More pain ahead. More stablecoins loss peg, a lot of crypto funds in trouble. with Billions.
Lenders are in trouble.
Crypto business are in trouble.
This will be the big cleanout. Like 2000 dotcom bubble. Bullshit will go to zero.
20% apr bullshit = zero.
The times of buy a random shitcoin and 100x are over.
Shiba biba dog shitcoin that 1000x = zero.
Only good projects will survive the coming bear.
This will be the ultimate bearmarket after 14 years of low-interest rate party.
Surviving is the goal, no hero moves.
