BlockBeats News: On March 9, WhaleWire founder Jacob King posted on social media that a bear market for Bitcoin has arrived. The failed launch of the Bitcoin Strategic Reserve makes it clear that there was never any intention to buy any other assets other than the confiscated Bitcoins. At the same time, the narrative of institutional demand has collapsed, as evidenced by record ETF outflows. All narratives have been shattered – every single one has been shattered. Bitcoin extremists create illusions to lure new retail funds into the bubble, but they've run out of tricks. Bitcoin is heading for a multi-year bear market, falling to lows that were once thought impossible. If you have already invested, I highly recommend that you sell all of your assets now and buy them back after a drop of more than 85% if you wish.
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Giozu
· 03-11 13:42
Hold on tight, we're about to To da moon 🛫
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GateUser-60feff7f
· 03-11 07:15
good post. thanks 😊
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JinanFriends
· 03-10 12:32
Hold on tight, we are about to To da moon 🛫
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GateUser-601ccc9b
· 03-10 08:25
PEPE has reached major support LEVEL and it soon potentially will be forming bullish W chart pattern, with higher lows. And it makes a good entry point for LONG or BUY.
The founder of Bitcoin pointed out the emergence of a Bear Market, indicating a failure in Bitcoin's strategic reserves, with institutional demand and ETF capital outflows surging. He believes that all narratives have collapsed, and Bitcoin is heading toward a multi-year Bear Market, expected to drop to unimaginable lows. He advises investors to sell assets and wait to buy back when the drop exceeds 85%.
Opinion: The failed launch of Bitcoin's strategic reserve and ETF outflows are both signs of a bear market
BlockBeats News: On March 9, WhaleWire founder Jacob King posted on social media that a bear market for Bitcoin has arrived. The failed launch of the Bitcoin Strategic Reserve makes it clear that there was never any intention to buy any other assets other than the confiscated Bitcoins. At the same time, the narrative of institutional demand has collapsed, as evidenced by record ETF outflows. All narratives have been shattered – every single one has been shattered. Bitcoin extremists create illusions to lure new retail funds into the bubble, but they've run out of tricks. Bitcoin is heading for a multi-year bear market, falling to lows that were once thought impossible. If you have already invested, I highly recommend that you sell all of your assets now and buy them back after a drop of more than 85% if you wish.
and it soon potentially will be forming bullish
W chart pattern, with higher lows.
And it makes a good entry point for LONG or
BUY.