
Jacob King|11月 27, 2025 01:18
Bitcoin crashed over -34% from its October highs.
At no point in its history has BTC fallen this sharply and then continued a bull market. Reality is simple: BTC is in a bear market that will drag on for years, and destroy the net worths of millions who are all-in + using leverage.
As always, maxis and bulls deny it the entire way down. They need fresh money to enter, so they roll out distractions like boycotting JP Morgan or claiming Trump has secret plans to pump trillions into MicroStrategy and Bitcoin. Yes, these are things they have actually pushed in the past few days. The fact that we are still above 90K is astonishing and a rare second chance for people to exit while prices remain high.
Even Tether, the main price manipulator of Bitcoin, has stopped buying BTC for weeks and has shifted its focus to gold. MicroStrategy is also deeply underwater and facing imminent exchange delistings. El Salvador abandoned its Bitcoin ambitions months ago. Hashrate is plummeting like a rock. Institutional demand has entirely evaporated. There is nothing left.
After the full collapse, everyone will look back and admit the warning signs were so obvious, and say "we should have seen it coming."(Jacob King)
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