Thank you for your explanation. I think you are right, but does this mean Celsius thinks Bitcoin will dip to the 3k area in the near future?
no. its just math..
if they have $114m debt. to customers.
and they now have $2b from G.Sachs
then thats a simple maths X factor that brings position down from $21k threshold down to a lower threshold before defaulting.
And where does all this put customers whose funds are locked up? I mean, what's their likely end-game? As soon as they are opening up withdrawals, people will withdraw their funds immediately. Celsius reputation is destroyed and i don't see any viable option to restore it. What is your opinion?