📋 Short Squeeze

The Latest News From Bitcoin Magazine

BROUGHT TO YOU BY Beloved Bitcoiners! Here we are again with your needed daily dose of Bitcoin signal! The price action continues to play on the bullish side, feeding our ego while it's pumping. But since we're here for the long term, let's stay focused and feed our minds with good content! P.S. We have 3 days left for the "Bitcoin is Venice" book giveaway. All you have to do is click a couple of links to be entered. Today's Rundown: Short Squeeze. The recent surge of bitcoin explained. Mining With Solar. Solteir Mining to mine with solar through partnership. Raising Capital. Crusoe seeking capital for mining expansion. Let's do this. SHORT SQUEEZE Bitcoin Price Surges On Massive Short By Dylan Leclair The bitcoin price surged to $40,000 on Sunday, but what was the reason for the move and why was it so explosive? "Derivative and futures traders are bearish. Bitcoin stackers and hodlers are bullish. An explosive dichotomy in the market is beginning to emerge."- Dylan Dylan, Bitcoin Magazine's expert in macroeconomics, explains the reason why the recent bitcoin move was so abrupt — a short squeeze — in this excerpt from the Deep Dive. A short squeeze happens when many traders are selling an asset with added leverage and that an abrupt price appreciation causes them to sell their positions or get liquidated. In other words, they buy back the asset at a higher price. In general, this appears to have been a battle between long-term holders and accumulators, the famous sats stackers, and the traders and future market whose bearish sentiment was constantly increasing. At some point, the DCA army will be eating all the volatility giving bitcoin no option except to go up. Read More → MINING WITH SOLAR Solteir Mining To Power Operations With Solar Energy In Partnership With OPTEC By Namcios Bitcoin mining company Solteir announced a partnership with OPTEC to have its mining operations in Pennsylvania run on clean solar energy. Ever since the great flee of Chinese miners happened, North America keeps surprising us with new bitcoin mining facilities and rig expansion.  Solteir, the bitcoin mining company, partnered up with OPTEC to set up a long-term successful solar-powered bitcoin mining farm at Solteir's mining facility in Bradford County, Pennsylvania by the fall of 2021. Read More → THE DAILY BITS Your daily dose of signal: 1. Matt Hougan of Bitwise discussed when a bitcoin exchange-traded fund (ETF) will be approved in the U.S. and what it will mean for investors. 2. Wesco has stopped flaring excess natural gas and is now using it to mine bitcoin, reducing carbon emissions and increasing profits. 3. Taleb vs Taleb: The famous economist often acts contradictory and has denounced Bitcoin despite examples of previous understanding. 4. As more bitcoin miners migrate from China, they are hesitant to set up shop in Canada, despite abundant energy and a cool climate. But why? 5. Stronghold, a bitcoin mining company powered by waste coal, has filed an S-1 form with the SEC for a $100 million IPO on the Nasdaq. 6.Promoted: Invictus Capital, which offers indirect bitcoin exposure to investors, saw impressive returns in Q2 2021. RAISING CAPITAL Crusoe Energy Seeking Loan To Expand Bitcoin Mining Operations By Namcios Crusoe, a data center company dedicated to mitigating gas flaring, is reportedly seeking a loan to expand its bitcoin mining operations. Crusoe, a bitcoin mining company, is actively looking for investor interest for a loan ($100m - $125m) to expand its bitcoin mining business. The company seeks to help make fossil fuels less harmful to the environment by cutting down on the industry standard practice of flaring unwanted natural gas.

We have seen broad interest in bitcoin mining increasing over the last few weeks. If you have the capital and have the interest in joining the mining industry, this could be your opportunity.

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MEME OF THE DAY

By Pas An incredible and humorous video of Michael Saylor, also known as the "Giga Chad" throughout the bitcoin community, battling with Elizabeth Warren in a "Pokemon fight" style. Pas recently also released another similar video featuring Michael Saylor facing Janet Yellen in combat. Keep stacking!

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