$NEAR
Trending UpSnapshot Window: 2026-07-06 20:10 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 4, Retweets: 28, Likes: 174, Impressions: 84510
Verbatim Community Citations & Social Evidence 1 source posts analyzed
"If you short STRC at $100 your downside is capped because Strategy will come in and run the ATM right at $100. But your upside as a short is unlimited" Parker White on why STRC became a perfect short setup and why the violent selloff was shorts latching onto an opportunity [Spoken audio]: And so I think really what I think you had is a situation and I'll kind of dive in a little bit here, but a situation where SDRC trades at 100 and it's never going to, or at least the market believes it's never going to trade above 100. So that actually creates a very interesting setup for a short where if you short it at 100, your downside is capped, right? You know that that strategy is gonna come in and run the ATM right at 100. So if you short at 100, you've got unlimited upside as a short and basically capped downside. And so I think and you've seen this a few times where the price of stretch tanks and then it's popped back up. And that's I believe due to short sellers coming in pushing the price down causing people to freak out and then covering when people freak out and decide to sell. And so I think that's really what you had here, and I think a good piece of evidence here is that SATA, you know, the other main variable rate non-convertible preferred in the market, did not have nearly as violent of a reaction. And for a number of days when Stretch was starting to trade down, SATA was just trading right at 100. And now you could say, well, but Strive has two years of cash aside for dividends. Yes, but they also have a lot less Bitcoin to back the dividends and preferred and so They're actually any more vulnerable balance sheet position Than strategy with stretch and yet the market was trading down for stretch And so I think this really was just situation of the shorts kind of latching on to an opportunity And then people panicking grabbing hold of a narrative and selling
