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?