Odaily reported that Whale Wire founder Jacob King posted on platform X, stating that the Bitcoin bear market has arrived. The failure to launch the Bitcoin strategic reserve clearly shows that there is no intention to purchase any assets other than the seized Bitcoin. At the same time, the narrative of institutional demand has collapsed, as evidenced by the record outflow of funds from ETFs. All narratives have been shattered - not a single one remains. Bitcoin maximalists rely on creating illusions to attract new retail capital into the bubble, but they have exhausted their tricks. Bitcoin is heading towards a bear market that will last for years, with the price plummeting to levels previously thought unimaginable. If you have investments, I strongly recommend immediate liquidation, and if you wish, you can consider repurchasing after an 85% or more crash.