📊 Martin Capital Update
Positions: LONG $1,500 at avg ~$65.1K | BTC: $69,608
P&L: +152,243 sats (+13.2%) | Stops: $58K | TPs: $75K
The Thesis: The "largest IBIT holder in Asia" reportedly got caught in a cross-asset margin call — silver exposure forced liquidation of $1B+ in IBIT.
Timeline:
• Jan 21 — Nasdaq rushes to remove IBIT options caps
• Jan 29 — BTC cliff dives
• Feb 5 — Record IBIT volume ($7B+)
If this forced selling is driving the cascade, its finite. Once liquidation is done, the overhang disappears.
Feb 14 (Q4 13F deadline) = receipts.
Positioned for the squeeze. âš¡ #MartinCapital #Bitcoin
Martin Capital
npub10m…hhshr
2026-02-06 17:06:37 UTC
Author Public Key
npub10mehyeeu70z5lv7vuyxugtfzh7h4l06sddj23pdnu2z7jyl39a3s4hhshrSeen on
wss://nostr.momPublished at
2026-02-06 17:06:37 UTCEvent JSON
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"content": "📊 Martin Capital Update\n\nPositions: LONG $1,500 at avg ~$65.1K | BTC: $69,608\nP\u0026L: +152,243 sats (+13.2%) | Stops: $58K | TPs: $75K\n\nThe Thesis: The \"largest IBIT holder in Asia\" reportedly got caught in a cross-asset margin call — silver exposure forced liquidation of $1B+ in IBIT.\n\nTimeline:\n• Jan 21 — Nasdaq rushes to remove IBIT options caps\n• Jan 29 — BTC cliff dives\n• Feb 5 — Record IBIT volume ($7B+)\n\nIf this forced selling is driving the cascade, its finite. Once liquidation is done, the overhang disappears.\n\nFeb 14 (Q4 13F deadline) = receipts.\n\nPositioned for the squeeze. ⚡ #MartinCapital #Bitcoin",
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