$BTC $ETH $BNB ❓What is happening with crypto and what am I doing:
First, let's figure out why cryptocurrency has experienced such a significant decline. There are several main reasons here:
1. Stocks in that sector in the US are rapidly falling, and a decline in stocks has always dragged down the cryptocurrency market. 2. The world is currently in a crisis situation, which is clearly visible in silver and gold; such growth in metals hasn't been seen since the 1970s, and I remind you, this is an asset for preserving money, not for making a profit. 3. Epstein's files further exacerbated this situation, as it was revealed in the latest files that he was connected to Bitcoin in its early years, including funding improvements in various technologies related to cryptocurrency, and yes, he was connected not only to Bitcoin. This naturally led to a surge of tweets and reposts, and trust in the cryptocurrency market has significantly decreased. However, I do not rule out that in this way they are throwing us "necessary" files and manipulating us.
$BTC $ETH $BNB 😤 The market was dumped by Asian funds
In X, there is active discussion about the version that the recent dump of Bitcoin may have been provoked by Asian hedge funds.
🤔 What they are saying: ◾️Several funds from Hong Kong allegedly held large positions in IBIT (Bitcoin ETF from BlackRock). Additionally, they used carry trade — took cheap loans in yen, added leverage through options, and bet on the rise of BTC.
◾️When positions began to go negative, the funds tried to offset losses through silver. But even there, the market did not forgive — silver plummeted nearly 20%, and yesterday, according to rumors, positions were completely liquidated.
✍️ Additional signs: 🔻 IBIT showed an abnormal volume — $10 billion in a day (2 times above normal)
🔻 There were almost no classic liquidations on crypto exchanges
Confirmation or denial will only appear in May when the funds publish their 13F reports.
Glassnode warns of the risks of mass capitulation of BTC
The Realized Profit/Loss Ratio indicator has fallen to ~1.5 and is moving towards the critical mark of 1.
📉 Historically, breaking this level triggers widespread capitulation: investors massively realize losses instead of profits, the market loses liquidity, and this can provoke a serious collapse of BTC.
Perhaps we are already in the process, but Bitcoin is still holding at $75k 😓
$BTC ‼️Bitcoin has fallen below the mark of $85,000. In just one hour, $361 million left the cryptocurrency market. The entire American market, cryptocurrencies, and metals are declining.
Part 1 $BTC BTC could collapse within 7–11 years. The main reason is that its security system is fundamentally broken.
🔹 The problem of mining and security budget
With each halving, the rewards for miners are cut in half. This reduces the budget for network security. To maintain the current level of protection, the price of BTC must grow exponentially every 4 years, which is impossible from an economic standpoint.
Open interest in Bitcoin has reached a new low since 2022.
🤔 Historically, reaching such levels since 2022 has preceded periods of consolidation or even bullish reversals, especially if price movement began to stabilize.