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Degens Deteriorating
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BITCOIN DROPPED BELOW $64,000

ETHEREUM DROPPED BELOW $1,900

WE’RE FCKED

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BREAKING: Watch the moment conservative activist Jake Lang is arrested outside the Minnesota State Capitol after defacing an ice sculpture that read Prosecute ICE altering it to read Pro ICE Authorities are charging him with a felony for causing approximately $6,000 in damages, and he was taken into the Ramsey County Jail in Minnesota

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NEW: TETHER MAKES $150 MILLION STRATEGIC INVESTMENT IN GOLD(.)COM, EXPANDING GLOBAL ACCESS TO TOKENIZED AND PHYSICAL GOLD

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Bitcoin's brutal drop lacks solid fundamental drivers and it's largely fueled by this superstitious chart. If people are going to keep selling, the price will keep sliding, and we could easily see a "correction" well beyond 75% from 126k

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Since Midnight (UTC)

Binance has sold approx. -1.5b in BTC

I repeat for the slower folks in the back, -1.5b in last 16 hours or so, today

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Can someone explain to me like I’m 10 years old, how Bitcoin has gone down -$32,000 with NO BOUNCE in 14 days?

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Altcoins currently breaking out vs BTC.

This happens after crashes, not before them.

2017: BTC stalled β†’ alts ran 20–100x

2021: BTC topped β†’ alts surged 10–40x

Weak hands getting flushed.

Wall Street hitting BTC harder.

Both markets pulled back - alts are just pulling back less.

That’s how outperformance starts.

Not with inflows...

But with relative strength during stress.

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πŸ‘€1