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What is the endgame for Strategy, the world's largest bitcoin reserve company? Either the greatest deal in history or the most spectacular liquidation in history.
To date, the world's largest BTC holder is now losing money on every purchase. But he may be the only reason BTC in our hands hasn't dropped to 40,000.
Founder Saylor

# What's the Endgame for Strategy, the World's Largest Bitcoin Reserve Company?
Either the greatest trade in history
Or the most spectacular liquidation ever
So far, the world's largest BTC holder is losing money on every coin he buys right now. But he might be the only reason BTC hasn't dropped to 40,000 in our hands.
Founder Saylor submitted a $42 billion financing plan yesterday, specifically for buying BTC. $21 billion in common stock plus $21 billion in preferred stock, got 19 brokers to help him sell, SEC filing just submitted.
Target: 1 million BTC by year-end. Currently holding 762,000

Calculated my monthly AI subscriptions
Materially there's 0 output monetization, but mentally it brings frequent joy😅
For me this falls under entertainment spending
Claude Max $100 + relay API
ChatGPT Plus $20, Grok $30, Gemini Pro $20,
About $500 a month, four subscriptions, daily usage 90% Claude only, the rest are all just in case one day I need them🤣

The war has been going on for four weeks.
Gold just had its worst week since 1983.
BTC is also falling. The only "safe haven asset" going up is oil.
Trump posted on Truth Social last night, giving Iran a 48-hour ultimatum: reopen the Strait of Hormuz, or I'll bomb your power plants, starting with the biggest one.
Iran responded: If you dare bomb the power plants, I'll completely close the strait until the power plants are rebuilt. Direct quote from Iran's Revolutionary Guards—completely sealed.
BTC dropped from around 71,000 to 69,141, with 463 million in liquidations in 24 hours. But compared

Last time I mentioned that deBridge is very good at organizing events in Nanshan. Sure enough, they really did it, but I couldn’t attend because of other commitments. Looking at the photos from the scene, it was a small gathering, and they discussed much more substantial topics than most online Spaces. Everyone is talking about AI Agents, but honestly, there are very few who are willing to sit down offline and discuss how to implement them. I didn’t see Nanshan’s spring, so I might as well take a chance nearby. Like, retweet, and comment on this post, and I will draw 3 winners.

# Claude Seems to Be Mass Banning Accounts
A friend of mine has already been banned three times. Every time it's the same process: set up a new Gmail, get an overseas phone number for verification, switch to a clean IP, spend half a day registering, use it carefully for a few days, then get banned again. Now he's starting his fourth registration.
But looking at social media, no one is saying "forget it, let me just use ChatGPT instead."

Half the people on the timeline are creating gender conflict, the other half are criticizing those creating gender conflict. Combined, both groups contributed today's highest engagement on CT. When the market is good, nobody does this because talking about coins gets traffic. When the market is bad with nothing to discuss, controversy is the cheapest traffic. Your complaints are helping them. This post too.

So pretending is that easy? I suggest everyone join in. The day before yesterday I posted that BTC fell in 7 out of 8 Fed meetings. Someone commented that this time would be different, but not only was it the same, it happened even earlier. 9 out of 9 meetings, BTC fell 8 times. This time people didn't even wait for the results before running. The Fed Chair said something interesting at the press conference: nobody knows how oil prices will affect inflation.

Half the people on the timeline are creating gender conflict
The other half are cursing those creating gender conflict
Combined, these two groups
Contributed the highest engagement on CT today
When the market is good, no one does this, because talking about coins generates traffic. When the market is bad, there's nothing to discuss, so controversy is the cheapest traffic
Your complaints are helping. This post too

Spent two hours scrolling through posts at noon, specifically paying attention to the timeline, and honestly it's dizzying. Nine top KOLs from the Sino Chinese community, four different conclusions, each backed by data. After reading through them all, the only certain thing is: you're even more uncertain now...
Three people say we've hit bottom, reasoning that ETFs have sustained inflows, Middle East Dubai capital is pouring in, and Yi Lihua is going all-in long.

"It's not that I can't afford to play anymore, it's that the crypto world won't let me play"
Just this morning, I finished chatting with a friend who's been trading crypto for six or seven years. He said he's quitting the circle.
Doesn't look like he's just being emotional about it—he really quit. Uninstalled the exchanges, left all the groups, deleted the price tracking apps.
He got in pretty early, bought BTC when it was over 20k, picked up ETH when it was hundreds. Should have made a decent profit by now. But in between, he kept chasing altcoins, chasing hype, adding leverage, trying to cat

"It's not that I can't afford to play anymore, it's that the crypto circle won't let me play"
I just finished chatting this morning with a friend who's been trading crypto for six or seven years. He said he's leaving the space.
Doesn't look like he's just venting—he really left. Uninstalled exchanges, left groups, deleted price tracking apps.
He got in early, bought BTC at over 20k, bought ETH at a few hundred. He should have made good money by now. But he kept chasing altcoins, jumping on hot trends, adding leverage, buying the dip only to catch falling knives. After all the rounds, he basica

# Transaction Price Different From What You See? Don't Rush to Blame the Platform
Yesterday another brother posted a screenshot asking why his stop loss was set at 4900, but the actual execution was at 4888. Someone immediately replied: got slipped again.

I reviewed the price movements of BTC around the past 8 FOMC meetings and found that 7 out of 8 times it declined. With another meeting happening tomorrow, following this pattern, it might have to take another dip. Including the 3 meetings where rates were cut. Rate cuts are theoretically bullish for risk assets, but BTC kept falling regardless. The January one was even more ridiculous. Everyone knew rates would stay unchanged, CME FedWatch showed a 92% probability, and it played out exactly as expected. Then, within 48 hours, BTC

I reviewed the BTC price movements around the past 8 FOMC meetings and found that 7 of them resulted in declines. With another one coming tomorrow, following this pattern, BTC might take another hit.
7 times. Including the 3 rate cuts. Rate cuts should theoretically be bullish for risk assets, but BTC has continued to fall regardless.
The January instance was even more absurd. Everyone knew rates would stay unchanged, CME FedWatch gave it a 92% probability, and the outcome matched expectations perfectly. Yet within 48 hours, BTC dropped from 90,400 to 83,383—a 7.3% decline. A 100% anticipated

$ETH rose 13% recently, what's your first reaction? I'd guess a small portion are happy, but most are panicked. Because you don't know if this is a bounce or a reversal. You want to chase it, but fear catching a falling knife. You want to wait, but fear missing out. You open Twitter, half the people are shouting bull market's back, half are shouting dead cat bounce. Then you see a piece of data and panic even more. Erik

Why isn't your altcoin pumping?
Because the money went to a place that's twice as big as the crypto industry.
Nvidia's GTC opened today with a market cap of $4.4 trillion. The entire crypto market combined is $2.54 trillion.
The industry you stare at every day is less than half the size of theirs.
This isn't just a comparison. This might be the real reason why this cycle has "no altseason."
In previous bull markets, there wasn't much else to trade in the market, and money rotated back and forth between BTC and altcoins. But this cycle is different. AI, computing power, and the Nvidia ecosystem

Talking about Web3 in Shenzhen without discussing "efficiency" and "making money" will get you kicked out of Nanshan District... that's what a few friends from Shenzhen told me. Now deBridge has directly set up its Chinese offline event venue in Nanshan, which shows they really understand the game😂 In today's market, everyone is hyping AI Agents, but when it actually comes to on-chain, AI

The war has been going on for two weeks, and BTC has outperformed almost all assets... I've reviewed the data several times and think it's a bit outrageous.
On February 28, the US-Israel airstrikes on Iran occurred, and BTC plummeted 8.5% that day, dropping to 64,000. Everyone was shouting it's over, the war is coming, risk assets are going to XX.
Two weeks later today, BTC is around 71,500. Not only did it not collapse, it's up roughly 11%.
You didn't read that wrong. It outperformed gold, outperformed the S&P 500, and outperformed the Nasdaq.

# The War Has Been Going On for Two Weeks, and BTC Has Outperformed Almost Every Asset
I've reviewed the data multiple times, and it feels almost absurd.
On February 28th, the U.S.-Israel air strikes on Iran occurred, and BTC crashed 8.5% that day, plunging to 64,000. Everyone was screaming it's over, war is here, risk assets will XX.
Two weeks later, today, BTC is around 71,500. Not only did it not collapse, it gained approximately 11%.
You read that right.
Outperformed gold.
Outperformed the S&P 500.
Outperformed the Nasdaq.
Outperformed Asian stock markets.
According to CNBC data: Since the