【为何比特币会跌？谁能接盘？】这是官方的数据，MicroStrategy 目前面临着历史上最大的未实现亏损，达 108 亿美元。换句话说，在购买比特币 6 年后，该公司目前的仓位已下跌 -17%。

这该如何解释呢？让我们用这个笑话：

一个人打电话给他的经纪人，询问鸡蛋期货的情况。经纪人说他们的价格是 25 美分。盖伊说：“好吧，给我买 100 份合同。”一周后，他再次打来电话。经纪人说：“好主意。现在价格是 35 美分。”盖伊很兴奋，又买了 1,000 个。几天后，他再次打来电话。鸡蛋50美分。现在他认为自己是个天才，所以他买了10万张合约。第二天价格为 65 美分。他买了一百万。然后他们的价格是 95 美分。他又买了一百万。那么 1.25 美元。他又买了一百万。第二天，鸡蛋的交易价格为 1.75 美元。他最终想，好吧，这可能就足够了。是时候获利了结了。于是他告诉经纪人：“卖出 200 万份合约。”沉默良久，经纪人终于说道：“卖给谁？你就是那个买蛋的。”

It's official.

MicroStrategy is now facing its biggest unrealized loss in history, at -$10.8 billion. In other words, after 6 years of buying Bitcoin, the company is now down -17% on its position.

How to interpret this? Let's use this joke:

A guy calls his broker and asks about egg futures.Broker says they’re at 25 cents.Guy says, “Alright, buy me 100 contracts.”A week later he calls again.Broker says, “Good call. They’re at 35 cents now.”Guy gets excited and buys 1,000 more.Few days later, he calls again. Eggs are at 50 cents.Now he thinks he’s a genius, so he buys 100,000 contracts.Next day they’re at 65 cents. He buys a million.Then they’re at 95 cents. He buys another million.Then $1.25. He buys another million.Next day, eggs are trading at $1.75.He finally thinks, alright, this is probably enough. Time to take profit.So he tells his broker, “Sell 2 million contracts.”After a long silence, broker finally says:“Sell to who? You’re the egg guy.”