Chainfeeds 导读：
本文将重点探讨 MicroStrategy 的债券结构，并分析在债券人要求现金赎回的情况下，MicroStrategy 是否可能被迫出售比特币以偿还债券持有人。基于目前的债务结构，我们认为发生强制清算的可能性极低。然而，鉴于比特币价格的剧烈波动，一切皆有可能。
文章来源：
https://mp.weixin.qq.com/s/DoxIbnA1JPiO6tE7DldFD...

Chainfeeds 导读：本文将重点探讨 MicroStrategy 的债券结构，并分析在债券人要求现金赎回的情况下，MicroStrategy 是否可能被迫出售比特币以偿还债券持有人。基于目前的债务结构，我们认为发生强制清算的可能性极低。然而，鉴于比特币价格的剧烈波动，一切皆有可能。文章来源：<a href="https://mp.weixin.qq.com/s/DoxIbnA1JPiO6tE7DldFDg" rel="nofollow">https://mp.weixin.qq.com/s/DoxIbnA1JPiO6tE7DldFDg</a>文章作者：BitMEX Research<hr><a href="https://chainfeeds.substack.com/" rel="nofollow"><img src="https://static.fwimg.io/img/feed/b2eaa29be3ce3765a63fefff08e60a8a.jpg" alt="https://chainfeeds.substack.com"></a>

解读 MicroStrategy 的债券结构：狂买比特币是否安全？熊市会否被强制清算？

Chainfeeds Digest:
This article will focus on analyzing the bond structure of MicroStrategy and whether MicroStrategy may be forced to sell Bitcoin to repay bondholders in the event that bondholders demand cash redemption. Based on the current debt structure, we believe the possibility of a forced liquidation is extremely low. However, given the violent fluctuations in Bitcoin prices, anything is possible.
Source:
https://mp.weixin.qq.com/s/DoxIbnA1JPiO6tE7DldFD...
'CRO' must be translated into 'CRO'.
'HT' must be translated into 'HT'.

Chainfeeds Summary:This article will focus on the bond structure of MicroStrategy and analyze whether MicroStrategy may be forced to sell Bit to repay bondholders if bondholders demand cash redemption. Based on the current debt structure, we believe the possibility of forced liquidation is extremely low. However, given the violent fluctuations in the price of Bit, anything is possible.Source:<a href="https://mp.weixin.qq.com/s/DoxIbnA1JPiO6tE7DldFDg" rel="nofollow">https://mp.weixin.qq.com/s/DoxIbnA1JPiO6tE7DldFDg</a>Author:BitMEX Research<hr><a href="https://chainfeeds.substack.com/" rel="nofollow"><img src="https://static.fwimg.io/img/feed/b2eaa29be3ce3765a63fefff08e60a8a.jpg" alt="https://chainfeeds.substack.com"></a>

Interpreting MicroStrategy's bond structure: Is it safe to buy Bitcoin crazily? Will there be forced liquidation in the bear market?

<Bitcoin's price has risen from $69,000 to over $100,000 after the election of Donald Trump as President of the United States, and reached a new all-time high of $108,353 on the 17th of this month. Although it has recently declined, as Christmas approaches, Bitcoin is once again approaching the $100,000 mark, which can be seen as an early Christmas gift for investors.>

Bitcoin's price is 392,880 times higher than it was at Christmas 14 years ago.

<In this context, Watcher.Guru has also tweeted an analysis of Bitcoin's price on each Christmas, and it can be found that the price in 2024 has already...>

Bitcoin Christmas historical price comparison: this year is 392,880 times higher than in 2010

Here is the English translation:

The author: Altcoin Sherpa
Compiled by: TechFlow

[Market Outlook for the Next Month: Pain and Opportunity Coexist, Learn to Profit from Rotation]

I originally planned to write this as a <Twitter threads>, but ultimately decided to organize it into an article to see if this format is more suitable.

In the coming weeks:

(The following are some random thoughts without any specific order)

- Your spot holdings may face significant drawdowns, whether to hedge the risk in advance is entirely up to you. This period may be very painful...

Market outlook for the next month: Pain and opportunity coexist, learn to profit from rotation

Today, which falls on Christmas Day, has seen the crypto market cap climb by 1.5%. Following this development, the prices of the top altcoins trending today have increased.
This widespread increase co...