Bitcoin Digital-Credit Yield Trade Breaks Below Par as Margin Calls Hit $10B Market
Bitcoin-linked digital-credit products STRC and SATA broke below par in a market that has grown to roughly $10 billion. STRC fell as low as $82.50 before rebounding, while SATA slid from around par into the low $90s and also recovered. Parker White linked STRC’s move toward the low $80s to forced liquidations, while Matt Cole said Strive’s dividend reserves remained intact.
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