They won't give up until they're dead. Following the plunge in gold and silver prices, the next target is cryptocurrencies. Overnight, more than 420,000 people suffered margin calls. I woke up to find that $500 billion had evaporated overnight. BTC plunged 6.57%, currently trading at $78,511. ETH plunged 11.8%, hitting $2,300; SOL plunged 13%, falling to $100.26; BNB fell 8.48%, dropping below $800. Of course, Altcoin suffered even more severe losses. SSV fell 20.7% in one day and is currently trading at $3.63. ORDI fell 20.04% to $2.96. GIGGLE also fell 19.2%, currently trading at $36. Now, the scene is littered with corpses. Retail investors and whales have already begun panic selling; Tom Lee's Bitmine holding cost has been nearly halved; MicroStrategy's micro-strategies have fallen to near the cost line; … How much further will the crypto market fall before it bottoms out? How long will it take for the emotions to heal? 2011-2013: BTC fell 94%, from 32 to 2, and broke the previous high 10 months later. 2013-2017: BTC fell 86%, from 1,163 to 177, breaking the previous high in 3 years. 2017-2020: BTC fell 84%, from 19,783 to 3,122, breaking the previous high in 3 years. 2021-2024: BTC fell 77%, from 69,000 to 15,476, breaking the previous high in 2 years and 4 months. Now BTC has fallen 40%, from 126,000 to 76,000. How long will it take to break the previous high?
This article is machine translated
Show original

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content





