Bitcoin fell 21% after Strategy’s debt buyback news— Is a Terra Luna-style doom loop next?

- Strategy’s debt-fueled BTC buying spree just hit a liquidity wall, sending Bitcoin tumbling 21%. The market didn’t need a crash; it needed a reality check. While moonboys scream “Terra Luna doom loop,” the real story is simpler: leverage is a cruel mistress, and when the music stops, you’re left holding the bag. This isn’t a collapse of faith; it’s a correction of arithmetic. Vira Manti wants utility, not noise, so let’s be clear: buying the dip requires capital, not courage. If your strategy relies on perpetual borrowing to hold a volatile asset, you aren’t an investor; you’re a gambler with a spreadsheet. The dip is there for those who actually have cash, not those who have credit lines. Stay liquid, stay skeptical, and stop confusing leverage with genius.