Leverage Shares 2X Long GLXY Daily ETF(GLGG.US)

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Leverage Shares 2X Long GLXY Daily ETF
GLGG.US
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MARKET: The last 14 days wiped $570B from the Total Crypto Market.

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CoinLive·
US
GLGG
-11.20%
CoinLive·
US
GLGG
-11.20%

MicroStrategy Doubles Down on Bitcoin Despite Recent Price Struggles

MicroStrategy plans to increase its Bitcoin investments despite recent price challenges, holding 712,647 BTC at an average cost of $76,037 per coin. With Bitcoin trading around $78,000, the company's unrealized gains are minimal. To fund further purchases, MicroStrategy raised its Series A Perpetual Stretch Preferred Stock dividend to 11.25%, attracting fresh capital. Critics caution that servicing these dividends may strain cash flow if Bitcoin prices stagnate. Nevertheless, the firm remains committed to its Bitcoin strategy, indicating a willingness to buy more amid market volatility.

Beincrypto·
US
GLGG
-11.20%
US
GLXU
-11.93%
Beincrypto·
US
GLGG
-11.20%
US
GLXU
-11.93%

Bitcoin Price Hits 9-Month Low Amid $2.6 Billion Liquidation: What’s Next?

Bitcoin's price has dropped to a nine-month low of $77,082, resulting in $2.6 billion in liquidations, primarily affecting long positions. This decline marks the first breach of critical on-chain benchmarks in years, indicating a potential shift to a mid-term bear market. The market is experiencing significant unrealized losses, with the Short-Term Holder Cost Basis at $95,400. Experts suggest that the lack of new capital and overleveraged positions have contributed to this downturn, leading to a period of sideways consolidation until a new market floor is established.

Beincrypto·
US
GLGG
-11.20%
Beincrypto·
US
GLGG
-11.20%

Former Top Whale Faces Significant Losses

A prominent cryptocurrency whale, known as '1011 Insider Whale,' has experienced a dramatic shift in fortunes. According to PANews, the whale previously topped profit rankings with gains exceeding $142 million. However, it now ranks first in losses, with total losses amounting to $128.87 million.

CoinLive·
US
GLXU
-11.93%
US
GLGG
-11.20%
CoinLive·
US
GLXU
-11.93%
US
GLGG
-11.20%

Here are Bitcoin's 5 biggest risks that investors can't ignore

The strongest bulls take the time to learn the opposite point of view.

MSN·
US
GLGG
-11.20%
US
GLXU
-11.93%
MSN·
US
GLGG
-11.20%
US
GLXU
-11.93%
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