you are only overreacting if you think @Strategy is the next Luna. @apyx_fi made a strong case for why this isn't another collapse. a really good defense of STR, MSTR, and digital credit ngl. Here's why: > strategy isn't facing margin calls. > STRC isn't losing its peg. It's simply repricing for a higher yield. > the balance sheet is backed by over 847,000 BTC, not empty promises the luna comparison misses the mechanics here. Luna was built on reflexive algorithmic incentives that unraveled once confidence broke. Strategy is sitting on real BTC collateral. that alone changes the entire risk profile. the risks are still there, of course. it's just that they look more like funding pressure than a company going under. what i liked about Apyx’s take is that it doesn’t pretend those risks don’t exist. we all know the risks are there. Apyx also acknowledged them. and it also made sure to differentiate between financial issue and insolvency. Apyx also does a good job framing strategy’s digital credit setup. in simple terms, a BTC-backed credit will surely be affected in this market. when it gets better, it can evolve into a legit asset class. there is no point in asking if they survive this volatility. what should be focused on is whether digital credit becomes a core of the market. the same goes for everyone saying, "the peg is broken." it isn't, STRC is simply trading below par because the market wants a higher yield. if you know very well, you'll know that's repricing. i am sure by now, every one of us can see the thesis. right now, the market is pricing in a worst-case outcome. don't get swayed by what you see on the TL. do read this and see for yourself.