"We identified Ethereum as the better short back in October, and that call has played out. Now $1,600 is the last line of defense. Below that level, the pain accelerates sharply, and in today’s report, we explain exactly where the next major support lies."

"We run the numbers on what HYPE is actually worth, what it would take to get to $100, and why June 6 is a date every HYPE holder should have circled on their calendar. "

"MicroStrategy holds 843,706 BTC against combined debt and preferred stock obligations of approximately $22.2 billion. That implies an equity (worth) zero level of roughly $26,000 per Bitcoin, the price at which the BTC reserve no longer covers liabilities, and equity holders are wiped out. "