The Bitcoin bear market is still in its infancy. We’ve seen nothing yet. If you’re holding or adding to long positions, you’re making a serious mistake. A minor drop wiped out a week of growth and triggered the largest liquidation event in history, 600 billion erased in just 30 minutes, exchanges went offline, and millions lost everything. What does this tell us? The market has descended into full-blown irrational exuberance. Traders are recklessly bullish, drunk on blind optimism and leverage at levels never witnessed in any market in history. The fear we’ve seen so far is nothing compared to what’s coming. If a small dip caused that kind of chaos, imagine the panic when Bitcoin soon falls below 100K, 80K, 60K, 40K, and lower. It’s only a matter of time. Bitcoin’s rise has never reflected real value. Every bull knows, deep down, they only bought BTC to chase fiat gains. The entire Bitcoin experiment is rooted in greed, and its collapse will be driven by fear, a poetic study in human emotion and the cyclical nature of manias.(Jacob King)