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33 sats \ 3 replies \ @grayruby 19 Nov 2025 \ on: Amplified Bitcoin: To Hell in a Handbasket (WSJ, Vicky Huang & Caitlin Ostroff) econ

I think they mean margin debt here. There is no way strike, ledn etc are doing that kind of volume on Bitcoin backed loans.

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40 sats \ 2 replies \ @denlillaapan OP 19 Nov 2025

good point.

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0 sats \ 1 reply \ @grayruby 19 Nov 2025

Ledn 2.8B in bitcoin backed loans. 1B this year.

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50 sats \ 0 replies \ @denlillaapan OP 19 Nov 2025

Yeah, don't think they can do 60bn in liquidation haha

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