Many heads are bleeding like a river! Coin An 175 million whales have just been shot to the head, and Weice "Rocket" reorganizes overnight On one side is the brutal surrender of bulls in the derivatives market: BTC is fiercely testing the life and death support levels of $59.3K to $59K. On Binance, a super whale that crazily went long on the coin standard was hit hard by bears, with a single liquidation amount of nearly $175 million, and the ultimate strong parity was firmly fixed at $59283.3. The dual stampede effect of the currency standard has become the main culprit that instantly pushed prices towards the 59K support. On the other hand, the top tier "Mingpai Whale" in the US stock market has been building a capital defense line overnight. On June 29th, Eastern Time, Strategy (formerly MicroStrategy, stock code: MSTR), the largest faith carrier of Bitcoin, announced the adoption of a new "Digital Credit Capital Framework" with nuclear bomb grade capabilities! As soon as the news came out, MSTR's stock price rose sharply by 12.60% against the trend and closed at $92.68. Today, the stock price fluctuated slightly around $93.36, completely stabilizing the 52 week low that had previously fallen to the $81 range. $1.25 billion Bitcoin monetization plan, dual $1 billion repurchase authorization, 17.4 months of super dollar reserve (USD Reserve) The board of directors has authorized the sale of BTC worth up to $1.25 billion. But this money has strict designated purposes and can only be used to replenish US dollar reserves, pay preferred stock dividends/interest when issuing common stocks that are not cost-effective, or fund repurchases. Founder Michael Saylor explicitly emphasized that this is not a casual sale of core long-term holdings, but a pledge to protect long-term Bitcoin exposure to the death! As of June 28th, its cash reserves amounted to $2.55 billion, covering a minimum of 12 months of expected expenses (currently covering 17.4 months). Taking into account the liquidity of BTC, the total liquidity has reached a terrifying $3.8 billion, which can withstand a 25.9-month period of no income winter. In the ruins of a $175 million liquidation, emotions can make you panic or develop a gambler's mentality, but the sedimentation of funds after liquidation and the actions of giants to adjust positions will never act out. This is the power of data.