I smell some kind of co-ordinated attack. I hear that at 26k Microstratergy will get margin calls. How or why i dont know but, the problem in crypto is most stuff is now able to be shorted. Also most crypto has no real world use case. It is used for trading primarily which is why so much is held on exchanges. Deep liquidity is some assets also causes zero price movement because liquidity is artificial high due to Defi farming. The end result is not good and it will be a very long and shit depressing bear market where every single person doubts oneself, doubts the future of crypto currency and thinks that they got it all wrong. Despite the fact the fundamentals have never been better. Again re inforcing the steepness nights wondering why things are not doing what they are supposed to be doing. The answer is because they never do.

This time i think the most money in and out of the game is going to be betting heavily against the people with too much skin in the game already. Simple as that.

Everything is crashing and thats why Buffet has come out publically bashing Bitcoin again because he will no doubt be one of the heavy players out to make a name for himself and a lot of money shorting the shit out it and causing saylor and co, a lot of pain. He knows that everything, every asset out there but good old king dollar is going to crash. The markets are very volatile and its summer. People throw in the towel and go on holiday stress free leaving everyone else to sit at home and cry over the blood on the screen.

Everyone in crypto is now looking for a bigger idiot to sell too and the world ran out of idiots.