Ya,ll.. It’s coordinated.
Fuck exchanges. Peer to peer and mining only. FTX crash didn’t even affect #bitcoin this much.
Discussion
This is the China mining ban all over again. This is all they got.
It’s all been coordinated since birth
Wait, what happened?
it's not. It's a completely healthy retracement after we've completed the Fibonacci cycle early for the first time in Bitcoin's history. Best stunt in 2023 was convincing everyone that we were in a bear market while BTC went up 350%. What goes up, must come down so that we have room to go up further after the summer.
The ETF fomo confused people even OGs.
It isn't. It's a healthy retracement after BTC went up 350% during last years alleged "bear market". What you're watching is price correction after completing the FIB cycle early for the first time in BTC's history thanks to the ETF fomo of last year. We'll bounce 51k (for now). Traditionally the bull cycle doesn't kick in until Sept/Oct or, after the summer vacations.