Strive CEO Blames STRC, SATA Crash on Leverage Liquidation
Strive CEO Matt Cole stated the sharp sell-off in STRC and SATA was caused by a leverage liquidation event, not a deterioration in credit quality. Both assets quickly rebounded after hitting intraday lows, demonstrating resilience in Bitcoin-backed credit during the wipeout.
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Signata (sata)
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Strive CEO Matt Cole says today’s sharp sell-off in STRC and SATA was purely a leverage liquidation event — not a deterioration in credit quality. Both assets quickly rebounded after hitting intraday lows, showing strong underlying demand. “Credit quality remains solid,” Cole
@CryptoTimes_io
STRC and SATA's crash may have looked ugly, but the real test wasn't price... it was whether Bitcoin-backed credit could survive a leverage wipeout.