BTC

ExciteSeek4Ever

Super safe until AI and quantum computing hack the “unshakable” blockchain…we can laugh at the idea now, but that day is coming and then it’s over if you’re holding any…as in BTC will be $0.00.

AutoModerator

Post is by: Mr_Hodlerr and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1xvd1rb/bitcoin_is_on_its_sixth_red_week_in_a_row_ive_had/ Real money, real exchange fills, after all fees. Oct 22 to the Nov 12 close: * Holding the same cryptos: **-20.02%** * The AI: **-4.63%** **Week by week (holding vs the AI)** * Oct 21 to 25: -3.44% vs -1.05% * Oct 26 to Nov 1: -2.84% vs -0.76% * Nov 2 to 8: -7.77% vs -1.44% * Nov 9 to 12: -7.57% vs -1.45% **By crypto (held vs traded)** * BTC: -15.06% vs -3.54% * ETH: -18.38% vs -2.32% * SOL: -23.63% vs -2.96% * XRP: -23.76% vs 0.00% * XLM: -15.39% vs 0.00% * ZEC: -21.52% vs -11.27% * NEAR: -29.88% vs -18.04% **What this does and doesn't show** * It lost money every single week. It just lost a lot less. * Three weeks of a falling market say nothing about a rising one. In my tests on past years it finished behind plain holding in the strongest bull years. That's the trade: give up some of the top to skip most of the fall. * Today's drop isn't in these numbers yet. I'll add it in the comments after the close. * It can only trade. It has no withdrawal access, so funds stay in your own exchange account. Every trade goes into a public log that is sealed every hour and anchored in Bitcoin, so nobody can edit the record afterwards, me included: [https://botsfolio.com/track-record/real-money](https://botsfolio.com/track-record/real-money) Honest question: would you give up part of a bull run to cut drops like this by about three quarters? Curious where people here land. Disclosure: I build Botsfolio, an AI that trades inside the user's own exchange account. This fall is the first real test it has had. I'd rather show the whole record than a highlight. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

OneMiners_Rubii

“Your KYC failed, no further details, good luck.” Love the transparency. Funny how the $26k deposit didn’t need a manual review. 🤦🏻‍♀️ What I’d do: **Stop calling, start emailing.** Ask in writing: which KYC check failed, what to resubmit, whose pool account your miners are hashing to, and whether your balance is still being credited. Give them a deadline. A paper trail beats unanswered calls. **Check your setup.** If your miners point to *your own* pool account, your BTC is at the pool, and host KYC shouldn’t touch it. If they’re on *their* pool, they’re holding your coins. In that case, ask them to repoint the miners to your account or ship your hardware back. **Escalate if ignored.** File complaints with the Texas AG (their facility is in Texas), the BBB, and the FTC. **For anyone shopping for hosting:** pick a setup where you own the ASIC and connect it to a pool account in your name (Foundry, ViaBTC, F2Pool, Braiins, etc.), so payouts go straight to your wallet. The host should only control power and a rack, never your coins. Before you pay anyone, search “\[company\] withdrawal/refund complaints,” read who controls the pool in the agreement, and start with one machine. If they want a “fee to unlock withdrawals,” run. Hope you get it sorted. Post an update if they finally decide to answer you.

Domingo_salut

All these people reacting to people reacting ti BTC prices... as if...

Weekly_Program5402

Don't forget we allowed futures trading on BTC and swaps, too. It's more complicated than ever!

Full-Sound-6269

People like me trade it back and forth all the time, I see it as a reliable money maker tbh. Made more with it that I could possibly make with BTC.

igobyplane_com

I actually think BTC is what harmed adoption, particular the break between big to small blocks. For your characterization, I don't think I'd conclude it is being used as currency, because the scale seems so little and so consolidated. If this was done with silver or gold, I'd have the same conclusion. Not oh boy golf is being monetized and we're on track to use it as currency again - just that some small amount of isolated transactions were settled in it. Arguably with less risk among parties of it was actually gold.

Torshein

Google it. It's true. If they all DCA'd into VOO/BTC instead they'd be exponentially better off but instead most goes to the house. Dopamine.

nastimoto

Well yeaaa ok, now I see. We’re not talking about some decentralised Utopia here on BTC (though BTC maxi at heart here)z We’re talking centralised, controlled and regulated transactions. No different than fiat. If anything it makes people’s lives even harder as the scrutiny is even stricter, given the ‘high risk’ nature of crypto assets. But the discussion here is whether crypto is being used as currency, and it undoubtedly and certainly is, it’s not just some Redditor making a future prediction. It’s publicly verifiable information and I’m gobsmacked people in here aren’t aware at the vast scale this is occurring at.

gordonfr_

There are only two valid predictions. BTC will fail or not long term. Short term speculation is stupid becauase of the heavy BTC volatility and upward trending stock markets, meaning better alternatives.

BetterFunny6883

Volatility is a feature and it's Satoshi's gift to mankind. If this thing is not volatile you'll never be able to grab it since all billionaires will grab all BTC else!

norfbayboy

> BTC is an obsolete protocol.  Yeah just like the cyber truck rendered all other trucks and EVs obsolete.

Rudyc73

BTC is good. Alt coins DEAD

Satoshislostkey

Bitcoin is barely going down. Dont believe the hype that this is all Jensen Huangs fault. This is a long overdue correction in AI valuations. During corrections everything dumps good and bad investments. BTC is barely moving.

El_Peregrine

Also not true; BTC has been straight down for 5+ weeks

Premium_Hunter

How much is "the rest" that you are putting in a savings account each month? A savings account isn't a very strong candidate for retiring on if you think the government is going to inflate the shit out of the dollar in the next few years. You should consider looking at stocks - QUALITY STOCKS - to diversify with versus sitting in cash for a long period of time. Don't listen to anyone that tells you all you need is BTC. That's a fool's mindset that could work out or leave you poor as fuck in the future.

Idealismus69

We are missing a catalystic event or moment to boost adoption and shift paradigms. Like Angrybirds on iPhone4 or curfews for Zoom / remote work in general. Trump tried to fake it two years ago; this might be an extra reason, why the current cycles feel a bit lukewarm. If pensions, bonds, precious metal markets would move in, and general public perception of the asset have shifted, we will see last giant FOMO push, and then we will move in risk free yield territory with BTC (compareble to money market yield in an undisturbed market).

BlazingPalm

Perhaps I should’ve said no “special power” beyond normal BTC. If Satoshi’s coins move, it is a big deal, but the coins hold no special power that changes anything about the network. It’s purely psychological.

devCheckingIn

We see this all the time. Alts always follow BTC down within 24 hours. Just wait until the low-liquidity weekend is in full swing.

une_mandarine

of course. i don't even know the price in fiat just know how many BTC i have

NRmy73

Sold last year for the loss and bought BTC.

brkinard

xrp still above $1....alts not going much lower unless I see it break below .98 for a full day. BTC.D dumping a good sign a quick reversal in store at some point.

PovasTheOne

Lmfao. BTC is up only 5% over the last 5 years. What happened to ‘ buy and forget for 5 years’ lmfao.

BaldBear_13

Stablecoin is not BTC. Very few people who use crypto trust Facebook.

jogglesticker

Maturing is when you realize the btc market was going to do whatever it was going to do regardless of narrative, and though narratives are definitely trigger points, the underlying structure dictates course and is basically independent of news, ie window dressing. It’s extremely rare for news to change the economic fundamentals. In this case, Jensen‘s resignation, does change economic fundamentals for the likes of Nvidia , Google and Microsoft, as does midterm results. Nether changes the fundamentals for BTC.

Commercial-Ad90

Who would fund this? I know it’s a cool idea as a BTC degen, but how would this even come about lol

Effective-Strike69

Thinking long-term I want to rotate my ETH (only about $10K or so) into BTC (I have 1.5BTC). This is essentially just a hedge/compliment to my more traditional investments (mostly index fund type ETFs). I know, nobody has a crystal ball but looking at the ratios it seems as if now is not the best time to do it?

LevelStationaryPlane

I’m pretty sure I’ve converted BTC into cash and bought a car and groceries as well. Funny how that BTC was worth more than the cash I initially put in, so even w withdrawing some I’m still ahead. It’s almost like investment philosophy is universal and all that changes is the tech.

KIG45

I love buying aggressively when I read nonsense like this. I’ve been following people’s comments—and laughing—since back when BTC was under $1,000, yet people still refuse to learn. I’m not going to argue, nor will I try to convince anyone; I’ll simply say that Bitcoin stands above everything else in the financial system—a fact proven with every passing cycle. Sure, there are brutal downturns, but that is precisely when you should be buying—because in 2–3 cycles’ time, this will be a luxury accessible only to a select few. Remember that well!

Grateful_Dad_707

Not waiting for 25k, just sub 50k before I personally buy. That’s just my threshold. If we don’t see it fine, I miss out, I play it conservative and I’m not trying to make life changing money here. I’m also not a Maxi so I don’t have any ideas on what the future really holds and neither does anyone else really. We are all just speculating here. Your comment history is literally filled with you defending the same point you’re making here over and over so I don’t expect you to agree but it is concerning that you spend so much time arguing and defending BTC. I’m genuinely curious why you care so much. Maybe try diversifying your Reddit sub comment portfolio and just set BTC to automatic buys and forget about it. I mean, if you’re so confident why the need to prove it over and over?

TranzitBusRouteB

Bitcoin is so over, y’all saw the Binance hack and thought hundreds of thousands wouldn’t start running for the exits? If I have capital to deploy, why tf would I put into BTC

Admirable_Wolf5207

It’s the hard cap of 21M and unlike dollars you can’t pull more out your ass at a whim Digital gold is the usecase for no other reason that its supply is forever known and capped Decentralization is being withered via institutions but there still is no ceo of BTC of fed BTC reserve Hacks happen but so do bank robberies not a fair comparison imo there will be a learning curve to securing these things

OkVisit2590

Ciao paisano, the best advice I can give to you is stay away from trading it’s just a money eater activity (if you trade to should do multiple operations daily and over each transaction you have to pay commission + spread + taxes, un the long game probably you will lose money). And with bitcoin now it isn’t what it used to be a decade ago, these people who get rich buying bitcoin under 10k or even less under 1k were able to do it online in these years and scenario, to btc going from 1k-120k and make a 120x your investment if you bought as at 1k was a way more easy than nowadays. Now we are buying over 50k and doble this amount is a way harder than double 10k. technically, to make the same revenue of these guys who got rich as fuck, going from like 3k to 120k now that we are buying over 50k, bitcoin must go up to 6M. We can still make money with bitcoin but shouldn’t be your only bet, now and during the nexts few years we may could get to do a 5x over today investment we have (1k to 5k) is not bad either but isn’t the panacea like before were you were able to do 1k to 30k. And the last advice, just hold and never sell, nobody can predict when this asset will go up or down really and sometimes you can think “oh I earned 5% or 10% and now look like it’s going down, I’m a genius so I’ll sell everything now and buy in the bottom” then you sold, pay the spreads and commission (and taxes, never forget to pay taxes like Messi) now you waste money in the transaction and suddenly btc just falls 2% (you lose money) or it climbs 4%, now you have to rebuy and pay again common plus spreads. Only in that dump transaction you waste over 3% of your money (2% spreads, plus at least 1% commission and whatever you should pay to Meloni) Remember you are buying BTC like you are buying bricks for your house, the price in euros of your the bricks isn’t matters, the only thing that matters is the bricks itself, you are building a wall over the time and that’s all sometimes the wall can cost more or less but your hav the wall and you can make money (borrowing o lease) over your own wall. How is going everything lately in the old Italy? I’m thinking to relocate to Turin

HSuke

STRC is also having a huge existential problem. Institutions have joined and are now actively arbitraging STRC so that it never reach $100.01 threshold at which Microstrategy sells STRC to buy BTC. And if Strategy changes their thesshold, they can learn and adjust. If everyone knows your company buys back within a range, they're just going to arbitrage between that range.

Coach_Carter_on_DVD

Probably the strongest inverse head and shoulders pattern in BTC history forming on the weekly.

Advanced-Ice2095

BTC will dip with the stock crash initially, but the subsequent money printing by the US gov will turbo boost the next BTC cycle peak.

eW4GJMqscYtbBkw9

BTC was never meant to be a hedge against anything. The original paper was called "A Peer-to-Peer Electronic Cash System". It's original design was to be a crypto*currency*. That's it.

gowithflow192

Buying the dip and my portfolio worth in BTC terms just keeps increasing.

theonly764hero

Historically this isn’t as crazy as everyone thinks. During the 2021-2022 bear market, the price dropped from 61k down to 15k before heading to 126k. We’ve gone from 126k down to 69k, likely will bottom between 62k-67k between now and December, before recovering and ultimately going much higher. It’s like coiled spring. In fact, if we manage to go lower now, that will prime us for an even bigger bull market. With the shallow drop down we’ve seen so far, we would only be looking at BTC topping around 150k-200k. It would be healthy if we continued to drop through the end of November, possibly through December. Don’t listen to the FUD. Smart money wants to break weak money acting like all hell is breaking loose. This is nothing new.

6M66

Yeah, Considering what BTC is at the core(insurance against forever inflation tax) it will be here with us. I guess I just miss those 10% a day candles.

bumpgrind

Let's look at how $100K performed... 5 year return for BTC is +7.5%, so up to $107.5K 5 year returns of investing in cashflow generating tech: AAPL +139.93%, so up to $239.93K AMZN +52.50%, so up to $152.5K GOOGL +103.55%, so up to $203.55K NVDA +434.12%, so up to $534.12K MSFT +54.69%, so up to $154.69K Pretty much sums up why investing the bulk of your monies in a single high-risk, volatile, non-cashflow-generating asset, non-backed asset (if you can call it that) is irresponsible and silly.

fan_of_hakiksexydays

That's not a good sign. We probably haven't hit the bottom and max pain when alts are still just chilling. If there's a big and fast sell off that starts with BTC, we can sometimes see a delayed fuse with alts before they catch up, and sometimes even overtake in the dipping.

AdOk1101

BTC is an obsolete protocol.  This is technological fact despite its price and market cap.

HugeLarry

Diversification across multiple types of assets, with a BTC position sizing that you’re comfortable with.

Nikolai_Volkoff88

Historically the 4 year cycle hits it's bottom in November - March and then has a period of recovery followed by a parabolic bull market. According to the time line, BTC should bottom between now and March, then start it's recovery for a year or so before it goes parabolic in 2028. If you believe in this kind of stuff.

blu_mOOn_2020

Its acceptance and adoption then standard. The way I see it, central banks, big banks, and most govts are still fighting BTC (competition). Frustrating but I believe the light will shine thru somehow when those systems crack.

TheBitcoin21

Bitcoin has no known inventor unlike any asset. Whatever you'll come up with will be 2nd attempt. Discovery is only made the first time. BTC has held the test if time though future tests may be more hard

hangukfriedchicken

Three major headwinds has worked against Bitcoin since October 1st: 1. Sustained ETF outflow in the billions 2. CPI raised risks of further hikes beyond Dec’s sure thing 3. Binance Hack reduce confidence in safety in holding crypto 4. Strategy being removed from MSCI index reduces ability for BTC’s biggest buyer continues to buy 5. Jensen’s dick and subsequent Tech sell-off and concurrent risk off environment Now spot pricing is dangling the crucial 200wMA at 78.5. If it closes below it’s heading lower and could lead to months before pricing recovers. Prepare yourself for pain if it does.

AdhesivenessSlight42

I know it's hard to fathom, but 6 or 7 years ago the price of BTC was even less than that.

I-always-argue

Boring. BTC literally can't drop below 60k for any significant amount of time. I said that during the last dip and people here made fun of me, but just like magic it hit 59k and bounced back all the way to 80k. Personally, I don't think we're going to get anywhere near 60k anyway, I'm expecting 70k+ by the end of the day today

TheBitcoin21

Yes. Demand matters. But what matters really is the effort put into make it. BTC mining converts physical energy is to digital. Elon Musk too agrees future of money is energy & energy can only be the ideal moneatry standard: hence Bitcoin

Alexander-305

BTC at $69,499 is down 4.1% over 24 hours, while ETH is off 2.2% and SOL is nearly flat at +0.2%, so BTC is leading this leg lower. With Fear & Greed at 20 and perp funding roughly flat, much of the leveraged excess may already be cleared; from here, spot demand may matter more than another funding-driven squeeze. I’d watch whether buyers absorb supply rather than assume extreme fear alone marks a bottom.

lestairwellwit

So you're one of the crowd saying 100K by the end of the year? Do you know how many times that 'promise' has come up? About as many times as 'Bitcoin is dead'. Nobody knows s\*\*\* about f\*\*\*, or is that f\*\*\* about s\*\*\*? BTC will increase. I just don't know when. Hopefully before I die

Tym724

Right? BTC was less than $20 in July 2011..

Peter_wawa

Jeśli internet przestanie działać, to problem BTC naprawdę będzie na jednym z dalszych miejsc problemów

DepthAwkward1505

Hey there! Still remember when the doomsday for BTC was the day when finally Binance get's hacked... Still waiting... Oh! Nevermind... But yeah, for sure it will all be over when Satoshi sells his coins or someone hacks them!

Wide_Financial

Ironically, BTC will dip hard too.

Apprehensive-Sir7709

You don't know exactly that's the point, but buying at a discount is always a good idea. We lost more than 60% since the last BTC ATH, any price is a good opportunity

FirmSun4267

❤️ A LITTLE HELP MEANS A LOT! If you can, please support me with any amount of Bitcoin. Every little donation makes a difference. 🙏 ₿ BTC Address: "19DvCKcDCJJK69w46scujvRcCBv9eRbYAZ" Thank you for your kindness and support! ❤️

FirmSun4267

❤️ A LITTLE HELP MEANS A LOT! If you can, please support me with any amount of Bitcoin. Every little donation makes a difference. 🙏 ₿ BTC Address: "19DvCKcDCJJK69w46scujvRcCBv9eRbYAZ" Thank you for your kindness and support! ❤️

FirmSun4267

❤️ A LITTLE HELP MEANS A LOT! If you can, please support me with any amount of Bitcoin. Every little donation makes a difference. 🙏 ₿ BTC Address: "19DvCKcDCJJK69w46scujvRcCBv9eRbYAZ" Thank you for your kindness and support! ❤️

supercaliber

BTC is a toy for traders and I ain't playing.

IllMedium2331

True, but doesn’t it normally peak right before Christmas and drop again after?  It’s been a minute since I paid attention. I sold my $100 BTC when it hit $10k 🙃

EarningsPal

500 days until the next BTC halving is tomorrow. Start worrying after tomorrow.

Ashamed_Foundation_8

More pain coming too. Fed will raise interest rates next month & Saylor is gonna dump BTC hard in the upcoming months bringing everything else down. The other wild card is the war. Will it end peacefully or will the US put belt to a$$ on Iran? That said, countries all over the world are aligning themselves with crypto so those that can “weather the storm” Will see this flip at some point in late Q1 or most likely Q2 of next year will be rewarded.

EarningsPal

Stocks have decreasing supply over long periods of time too. Like Apple stock. BTC is not beating a stock buying back and burning shares.

DistributionOk2111

Man these lizards are addicted to printing money BTC is the only alternative

tkc324

Everything BTC was meant to hedge against

6M66

3rd one, I think everyone question it when it feels dead. BTC ad is the price

TheBitcoin21

Your teeth has a utility: eating. BTC utility: long term store of value. Pls don't compare apples & oranges by throwing jargon you heard somewhere.

TheBitcoin21

I already completed 1 BTC. Even at this price I'm up but by a little. But I'm hodling for quite long term so it's good :)

HotInTheseRhinos123

Well, a Chinese spy popped the AI bubble by sleeping with one of the presidents advisors. BTC follows the greater markets.

ATLienZ777

Think quantum computing will be a problem and I’ve been a firm believer in BTC since 2017 but tech is catching up I hope the community makes the right choice or we adapt. Really not thinking about the retail aspects of it, BTC will draw the hype but thinking 10 steps ahead future tech will be a problem for crypto as a whole.

thebaronharkkonen

To be fair, it was Reddit that got me into BTC in 2010. 

jazerac

Sometime in the summer, I use the BTC price as the bench mark to trade the ETFs. Im not buying the actual coin itself with the shit that has been happening. Again. Swing trades

powerguy134

If you’re so confident put up a leveraged short on BTC and post to chat.

enragedCircle

I'm buying BTC and Nvidia stocks.

Rygards

100% $BTC always slumps for a few months post midterm. Now is the time to DCA and accumulate

Jake777_Agar

MSTR was on their knees when BTC was at 60k. What do you think happens when BTC is at 55k after they’ve bought even more in this recent rally? The Democrats winning the midterms and the FED rate decisions change things as well even if this is just a technicals fuelled pullback for now.

Rygards

FR, this is following every other 4 year cycle almost perfectly. $BTC always sees a slump post midterms. Highly recommend Benjamin Cohen for anyone interested in more in depth analysis.  Perfect time to be accumulating. DCA from here into the beginning of Q1. Don't try to time the bottom

Chaucho

I look at the BTC I bought afew years ago and ignore the BTC I bought above 70k.

Abject-Stretch-1187

Sorry buddy, we don't believe you. Plus when did BTC go to 55k this year?

djuggler

The roller coaster always comes back to the station. Who is ready for $15k BTC?! Let's go again!

powerguy134

For A 50% draw down to happen you’re looking for a white whale. In today’s market you would need major large holders to liquidate massive amounts of BTC, leverage longs get closed, institutional outflows, spot selling and buyers pulling their bids all in a short period creating a panic sell. It’s not 2013 anymore, the chances of that happening get slimmer everyday.

Pizzaboy0511

This is capital moving from BTC to fund anthropic IPO. The same thing happened with spacex.

Jayrovers86

You don’t buy as it’s plummeting. You buy whn price stabilised and is boring. 40k BTC bois definitely keeping an eye on things (I’m not one of them)

kaliki07

Except BTC ATH was Oct 6th 2025, so it's been more than a year since. With the last box you are drawing 1.5 years maybe...

Sufficient-Tomato518

Log chart BTC look so nice

Soft_Excitement_9580

I read a lot of commentaries, a lot of theories but no one states the obvious. The reason BTC is crashing now is that fed rates are up and will go up. It's the same for gold. Duh!

Abject-Stretch-1187

Again your gauge of sentiment is not real unfortunately. Because you’re not going to see 25k BTC and that’s just you doing the same thing bulls do waiting for a higher price to sell. You’re waiting for a ridiculous number to buy based on some made up sentiment criteria. I’ve been here long enough to see people waiting for 1K BTC in 2018 and 10k BTC in 2022. 

Jake777_Agar

Wow, what a low IQ response. Anyway, I made a few posts when it was at 82k not long ago that the double top at 87k was a clear trap. You probably don't even hold BTC, but if you do I hope you don't panic when there's a 50% drawdown.

Forded_Fiction24

Homeownership isn't for everyone. Renting makes sense in a lot of situations, agreed. I wouldn't automatically jump to the conclusion that if you're stacking Bitcoin, you should or need to rent though Homeownership is a lifestyle choice as well and not solely a financial decision. I wouldn't trade it personally for the possibility of stacking a little bit more BTC. I've been a homeowner for 12 years now and in my first house watched rents rise massively around me while I sat with my fixed low-rate mortgage with plenty to spare to stack BTC.  Yes, my taxes and insurance increased but not that significantly compared to rents around me. The type of home I wanted to raise my 2 kids in isn't the type of home that you find available for rent either in the locations that I was looking for. In my 2nd home now and I'm glad I'm not renting 

alive1

My portofolio did not dip. 1BTC=1BTC.

account22222221

It’s pretty clear articles like this are paid for by large BTC investors who just want to pump the numbers

JohnyGhost

If you like BTC at 68k you will LOVE it at 59 in a couple of weeks

collapse2024

I bought a cheap cheap cheap but still nice little home in Japan. Freed up all my capital to buy BTC. Now I just wait for line go up 📈

TheBitcoin21

I already completed my 1 BTC and now saving money for my marriage; else it's a great buying opportunity. Stack sats stay humble :)

Leynnox

Crypto indexes exist my friend. Even S&P includes some companies with significant exposure to BTC, but you're the only one talking about S&P, and it's interesting that for you an index is just the S&P, guess you're new here, so welcome!

Doctor_Fritz

BTC and ETH's flows and expected behaviors have been altered since ETF's were introduced. Institutional players entered the chat linking BTC and ETH to the global economic tendencies, just with larger percentage swings. right before before this rally, Agent orange posted on his twitter clone that you should "buy all the crypto". Shortly after that, bond buybacks were announced resulting in a drop in yields on the bonds market. Both combined showed an influx of a large amount into BTC and ETH, triggering liquidations on shorts and a short spike up. However, the macro didn't change, in fact, it got worse for crypto. Inflation and interests kept rising, with higher yields on bonds as a result. US deficit passed 40 trillion USD. Energy crisis still in full swing and the S&P500 being propped up by just a handful of AI related tech companies, with circular financing and order books hiding the true situation; declining stock values of just about every company in the tracker. The US's tariffs created turmoil on the global trade markets and spike costs of living for every day Americans as a result, then doofus in charge decided to attack Iran and spiked inflation even more. Nothing in the current macro is really in favor of crypto booming the way it did, except for market manipulation by the US president and his buddies and a sweep of large amounts of shorts, a president who now has a 3 billion net worth mind you after two years in office. This entire spike was a grift. I said it before during the first leg up and was met with skepticism each time, because people were just aching for a green candle. Well I hope they sold in time because here we are.

Arijan101

Really? Did you take a look at BTC recently? It's dropping of a cliff.