Long BTC and MSTR trades see sharp losses, Andy Constan notes

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Yaroslav Dmytrenko

03.06.2026

Long BTC and MSTR trades see sharp losses, Andy Constan notes — BTC and MSTR trades face losses

Andy Constan, founder and strategist at Damped Spring Macro, commented on the challenging performance of holding both BTC and MSTR during a market downturn.

Constan further remarked that suggesting a 2+ Sharpe ratio and 1% volatility for such trades was, in his view, a "securities crime."

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Constan has previously commented on equity market practices, noting that debates over Google's equity raises often overlook the ongoing issuance of shares to employees. He has also highlighted that U.S. national debt expanded from $1 trillion to $39 trillion over 46 years, reflecting an annual growth rate of 8.6 percent. His recent remarks continue a pattern of focusing on structural and risk factors in major markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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