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Celsius Disaster Propels $25K BTC
Sats O'Clock
June 13, 2022
Wake Up! It's Sats O'Clock.
Good morning. It's June 13, 2022.
Bitcoin is hovering around $25K at the time of writing.
There is ALOT of fear in the market right now.
One of the main components of fear in the market is due to ongoing crises with Celsius. This is strong reminder on the risks of centralization. People cannot withdraw money from their accounts.
it's so over
— nic carter (@nic__carter)
2:18 AM • Jun 13, 2022
Celsius has 150,000 BTC and moved a huge portion to the FTX exchange.
JUST IN: Celsius reportedly transferred $320,000,000 worth of #crypto to FTX, before announcing they would halt all trading and withdrawals on the platform.
— Watcher.Guru (@WatcherGuru)
5:09 AM • Jun 13, 2022
Here is a deeper dive.
If you're wondering why everything is crashing, Celsius seems to be fire selling assets to meet redemptions
— otteroooo (@otteroooo)
1:00 AM • Jun 13, 2022
If you want to understand what is going with Celsius and why it is being shorted, take a look at this thread.
Another reason why BTC mining is good for the world.
#Bitcoin miners acted decisively this week to stabilize the Texas power grid, with excellent results. Despite an intense heat wave, the grid is operating normally, and officials say there are ample supplies to meet demand.
bloomberg.com/news/articles/…— Michael Saylor⚡️ (@saylor)
12:39 AM • Jun 13, 2022
Canadian readers will be happy to see this.
NEW: The number of Canadians that own #bitcoin more than doubled in one year – Bank of Canada 🇨🇦
— Bitcoin Magazine (@BitcoinMagazine)
10:42 PM • Jun 12, 2022
Bitcoin in South Africa.
South African student purchasing goods with #bitcoin 🇿🇦
Quick, easy, and instant. The future is bright!
— Bitcoin Magazine (@BitcoinMagazine)
1:57 AM • Jun 12, 2022
In the last 24 hours, ~$200M worth of Bitcoin has been liquidated.
Be very careful with volatility.
Reminder....
Realized price and 200 week moving average in sight.
Patient, focused, ready to buy the fear for the multi-generational success of our grandchildren’s grandchildren.
— Will Clemente (@WClementeIII)
3:31 AM • Jun 13, 2022
Preston's macro overview with Lawrence Lepard was a fantastic listen. They combined all aspects of Bitcoin, energy, equities and gold.
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