$LAB killed how many people? This round of疯狂 bottom-fishing—everyone who was crazy enough to chase it is dead. The kind where both bulls and bears die.
Never trust anyone to make you money, especially when it comes to offshore opportunities. The puppeteer who scammed thousands of our compatriots into the hell of Cambodia isn't some foreign force; it's actually the "Chamber of Commerce President" from Anhui—Liu Ren.
Micro strategies may not be selling much, but they've successfully tested that BTC is worthless. The market shatters at the slightest touch, with absolutely no liquidity. It's surprising that such a market can hold up at all. This year, BTC is hitting 30k.
$BTC Talking about Bitcoin's value now is a joke. MicroStrategy hasn't even started dumping on the market, and it's already tanking. Who in their right mind buys this at this price? It's like your wealth is entirely at the mercy of MicroStrategy's whims. Those who move fast get the gains, while the slow ones are left holding the bag.
It's the weekend, so the market shouldn't swing too wildly anymore. We've seen five consecutive red candles, and a lot of folks are feeling the pain. Time to catch our breath a bit. $BTC
6.1 Reminder: It's time to run fast before the waterfall hits. These last 5 days have been a total bloodbath, with daily liquidations exceeding 5 billion. How many traders are standing on the ledge each day? $BTC
Reminder 6.1: Bitcoin is in a rapid decline. It's currently in the early stage of the third phase of a bear market, which is characterized by a death spiral drop. Today, Bitcoin has fallen below 60,000. Those trying to catch the bottom are facing losses. MicroStrategy has proven that Bitcoin holds no value, and nobody can absorb the sell-off from MicroStrategy and ETFs.
Bitcoin's rebound is weak, and the market is completely devoid of buying power. We are entering the early stages of the third phase of the bear market. The death spiral has begun—it's a game of who holds the bag.