You can’t make this up:
— The Kobeissi Letter (@KobeissiLetter) December 17, 2025
Bitcoin just surged +$3,000 in 1 hour and reclaimed $90,000 as $120 million worth of levered shorts were liquidated.
Minutes later, $200 million worth of levered longs were liquidated, with Bitcoin now down to $86,000.
That’s a $140 BILLION swing in… pic.twitter.com/R1KLZq6iqs
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2 responses to “Bitcoin”
All over ELECTRONS that do ABSOLUTELY NOTHING!!! Say what you will about gold and silver, but BOTH have outstanding industrial uses, have ALWAYS been used as currency, and have been used as ornamentation/jewelry, etc. for as long.
Even the US dollar, or every fiat dollar out there, despite being backed by nothing in “reserves” like gold or silver, at least is backed by the unwavering willingness of the criminal government to use its guns and infinite VIOLENCE, to STEAL whatever wealth it wants from the nation to cover its debts or current obligations.
Bitcoin stops being anything with just one E.M.P. or the government turning off the power or the internet. Frankly the government has even SEIZED hundreds of billions in Bitcoin, despite is supposed “freedom” from government. And of course criminals have hacked/taken hundreds of billions worth too.
Bitcoin was simply another “hole” in the universe for the banksters and their friends to accumulate debt to shield the rest of their criminal houses of cards from its impact.
Plus, crypto was always about the CBDC rug pull.