Why did Bitcoin crash? 1. Binance was hacked for $6 billion. The time needed to digest the selling pressure is longer than most people expected. 2. MicroStrategy's MSTR was removed from the MSCI index. Do you think it will start a spiral of selling? Its first purchase was in August 2020, $10,000. 3. Liquidity crisis. Bond market interest rates fluctuated wildly, the market was extremely short of money, even the Nasdaq 100 was hammered. How could Bitcoin, with no performance, no cash flow, and no valuation, not be sold off? This round of fluctuation, decline, and further fluctuation and decline will last much longer and be much deeper than many people realize. The huge range between $60,000 and $80,000 will likely see many bottom-fishing points broken through. Slow Bear Market to Zero Round