BTC tanked at the exact moment it was flashing bullish indicators that suggested an uptrend. Right on cue, the clowns pop up with their 'I told you so' nonsense, preaching about cycles and cycling through the same old FUD… Well, that kind of chatter has always been around, then and now.
but the real reason lies in a structural issue that has corrupted Bitcoin’s intrinsic value. wall street, institutions, and the US government are using derivatives to distort and degrade what Bitcoin truly stands for, trying to hijack it as if it’s their own property. This has caused other countries to look away and dismiss BTC entirely and that is the biggest problem here. So, is Bitcoin dead now? whatever. that’s just the usual garbage people spout whenever a bear market drags on, so we can ignore it. Institutions and wall street are just profit driven cartels... at some point, they will violently pump the price out of nowhere, running their textbook playbook of shaking out retail to own everything at a discount.
Still, watching BTC being treated like the private property of a specific elite group or nation is absolutely sickening