Postmortem: Satsuma’s 668 BTC Fire Sale – A Case Study in Leverage Failure
Hook 668 Bitcoin. That’s all it took to sink a public company. — Root: Auditi...
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Hook 668 Bitcoin. That’s all it took to sink a public company. — Root: Auditi...
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Fear
Market Sentiment
92 million ARB released
Block reward halving event
Circulating supply increases by about 2%
Improves data availability sampling efficiency
Block reward reduced to 3.125 BTC
Independent validator client goes live on mainnet
Team and early investor shares released
Raises validator limit and account abstraction
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$64,441.2 |
| 1 |
Ethereum
ETH
|
$1,877.58 |
| 1 |
Solana
SOL
|
$74.75 |
| 1 |
BNB Chain
BNB
|
$569.7 |
| 1 |
XRP Ledger
XRP
|
$1.1 |
| 1 |
Dogecoin
DOGE
|
$0.0725 |
| 1 |
Cardano
ADA
|
$0.1650 |
| 1 |
Avalanche
AVAX
|
$6.77 |
| 1 |
Polkadot
DOT
|
$0.8166 |
| 1 |
Chainlink
LINK
|
$8.4 |