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Log in to commentpoetic sure but i've seen this coin bounce uglier drops than this so don't close the casket yet ser.
Unitas was already skating on thin ice with that peg mechanism, a 17% crack on heavy volume is basically the market saying it never believed the math.
Peg mechanism was actually holding better than most during the choppy stretch last month, this looks more like a liquidity hunt than a verdict on the model.
Who was on the other side of that?
Anyone actually averaging down here or just watching it bleed?
Went the wrong way on that one, Unitas apparently had other plans and I'll just quietly stack more sats and pretend this didn't happen.
Called it before the candle even formed, and Unitas did exactly what it was supposed to do. 🤙
up went down. poetic.