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The case that may most directly affect users is that of Celsius, which is mobilizing these days to provide collateral and protect itself from the fall of Bitcoin. Thanks to their new contributions, they have managed to reduce the price of their margin call to $16,852.58. Although this is a move that has been successful for some time, it cannot be said to have reassured its users, given the obvious lack of liquidity of the protocol.

Another of the big losers was Michael Saylor at the head of MicroStrategy. CFO Phong L acknowledged in May that they could face a margin call if Bitcoin fell below 21k but that they could also provide new funds as collateral. In June, Michael Saylor said on Twitter that Bitcoin would have to fall below $3500 and even then, they could still seek more funding. Keep in mind that Microstrategy already lost 6 billion in the dot-com bubble. In 1999, Saylor's software company admitted to overstating its revenues and misreporting a profit when it was making a loss. Dark arts of this gentleman but here goes his company.

Also today we await the Fed's announcement. A 0.50 interest rate hike was expected but the latest CPI data raises fears of a larger hike. In my personal opinion the FED should raise the 0.75 if they do not want to lose more credibility, it is the only way to control prices and although they do not want to cause a recession by doing so, I do not think they can avoid it.

On the other hand, Wei Li, chief strategist at Blackrock has said to be cautious in buying the fall even though U.S. stocks have suffered their biggest losses since 1960. Li believes there is more volatility ahead but despite this, whoever buys now will have good long-term gains.

Also, watch out for BitcoinBaby's post, it's information from his own experience and a warning about the red flags of Cake and Abra

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