2040|Nov 15, 2026 02:31
There's no point in saying anything more at this point; we can only accept reality. Here are a few possibilities:
1. Since no huge transfers were observed on the blockchain, the selling pressure originated from within the exchange. You can figure out why yourself, but I have no evidence.
2. Large funds had prior knowledge of some news. Aside from weekends, the biggest selling pressure on normal trading days usually comes from BlackRock, but that stopped on Friday night.
3. The US stock market will likely experience a larger drop/even a Black Monday. Funds and strategies are exiting in advance, and Bitcoin always reacts earlier than the US stock market.
4. A major player is manipulating the market. The BlackRock sell-off actually stopped on Thursday. This drop was deliberately guided by a major player. The 65-68k level is the exit point for many strategies; hitting the maximum pain level is what will have an effect.
It's unlikely to be: a quantum computer or Satoshi Nakamoto coming back to life. Because the blockchain doesn't lie.
The safest strategy is: "Wait."
1. Wait for Monday. If it crashes along with US stocks, wait for news; it will come out this week. Maybe the CCP is going to attack Taiwan—nothing could be more serious.
2. If it rallies (to around 67k), it's a major player/exchange shaking out weak hands. Don't get shaken out.
3. If US stocks stabilize and rebound next week, buy Bitcoin aggressively. This is just a chain reaction caused by large funds holding positions in the iBit ETF, albeit somewhat exaggerated.
Don't do:
1. For most people, don't try to buy the dip with contracts/leverage.
2. Sell spot at the bottom.
Safety first, good luck.
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