$BTC Take a look at the K-lines of BTC and gold—they’re worlds apart! BTC’s underlying narrative can no longer hold up. $BTC is not an asset that hedges against risk. Don’t you see it? BTC is now tracking risk: whatever is risky, BTC gets anchored to it. If the US stock market falls, gold falls; if oil prices rise, interest rates rise; in the case of local crises, any of these negative factors can cause BTC to drop. But once these negatives turn into positives, BTC immediately stops anchoring to them. This year, the BTC story has run out of steam—what a load of nonsense about “digital gold” as a value reserve. The underlying logic has completely collapsed. Look at these exchanges—one after another, they’ve abandoned BTC and abandoned crypto. Crypto won’t get better. Get ready for a storm! Soon BTC will continue to plunge relentlessly, breaking down repeatedly.