GIGA DOWNTREND CONFIRMEDGET OUT BEFORE IT IS TO LATEEVERYONE IS GETTING OUT OF CRYPTO AND PUTTING IT INTO SPACE/TECH STOCKS, DON'T BE THE LAST TO HOLD THE BAG
60k is the bottom
>>62311923>60k is the bottom>mfw I'm barely clinging to sanity trying to stay hopeful
>>62311903I have 50/50 port of ETH and XMR since 2021. 160k in January, 80k now. Is this what I signed up for?
>>62311903The bottom will be the SLE, always has been :)
>>62311932It won't flip until Trump or one of his sons sends the message. Something like "it's a great time to buy crypto". That's the signal that the bear is over.
I can tell you exactly what is happening. The Bitcoin crash isn't primarily "retail panic" or "macroeconomics" as some would have you believe... it's a coordinated liquidity harvest by the exact same institutions that have spent the last few years legitimizing Bitcoin through ETFs.The largest asset managers have spent years now convincing the public that Bitcoin was going to become a mainstream asset. ETF approvals, corporate treasury adoption etc. It all created the impression that Bitcoin was way too big to fail. The easiest way for large players to acquire Bitcoin cheaply wasn't to buy aggressively themselves but encourage everyone else to buy aggressively. As confidence grows, traders then pile into leveraged long positions.Once enough traders are underwater, exchanges automatically liquidate positions which forces the prices even lower, triggering even more liquidations. After the ETF investors redeem, after leveraged traders are liquidated and retail capitulates, the same funds will quietly reverse course and accumulate at enormously discounted prices.
>>62312082yes, they call it rug pull for a reason, question is how low does it go, other guy said 60k, I think it's 35k
