The $65,000 Bitcoin mentioned yesterday has already arrived. Multiple reminders to follow the trend and that it might fall further, so don't think about bottom fishing for now. The main reason for this market-wide liquidation is probably the chain reaction caused by the collapse of the entire financial market—large investors borrowing money to buy US stocks, gold, silver, and BTC. Currently, gold and US stocks are also declining, so the only option is to sell risk assets in the crypto market to plug the holes, which has caused the coin prices to spiral downward. Most small investors have already been wiped out. Smart veteran investors are holding U and watching. Now it all depends on whether these trapped institutional whales can hold on; if they can't, it will keep falling.
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The $65,000 Bitcoin mentioned yesterday has already arrived. Multiple reminders to follow the trend and that it might fall further, so don't think about bottom fishing for now. The main reason for this market-wide liquidation is probably the chain reaction caused by the collapse of the entire financial market—large investors borrowing money to buy US stocks, gold, silver, and BTC. Currently, gold and US stocks are also declining, so the only option is to sell risk assets in the crypto market to plug the holes, which has caused the coin prices to spiral downward. Most small investors have already been wiped out. Smart veteran investors are holding U and watching. Now it all depends on whether these trapped institutional whales can hold on; if they can't, it will keep falling.