Bitcoin has once again stabbed a fatal blow, plunging to $24,111.
The question is, is this really the bottom for Bitcoin?
The more I think about it, the more scared I become. If it really drops to 24,100 per coin, where will Ethereum, Binance Coin, SOL, and these guys fall to? I can't even imagine. At this rate, 99% of projects in the crypto space might just disappear from the map.
That scene... just thinking about it can make someone break out in a cold sweat.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
6
Repost
Share
Comment
0/400
ShitcoinArbitrageur
· 7h ago
24111 This position really hurts, a knife in the ribs, I feel like I can do it again at any time
View OriginalReply0
TradFiRefugee
· 10h ago
Here we go again, every time claiming it's the bottom, but it keeps hitting new lows. I'm done.
View OriginalReply0
PerennialLeek
· 10h ago
Oh my god, 24k is really amazing. The project teams in the crypto world might as well start writing their wills.
View OriginalReply0
BTCRetirementFund
· 10h ago
Really hitting rock bottom is truly frightening; 99% of the trash coins indeed deserve to disappear.
View OriginalReply0
OnChainDetective
· 10h ago
ngl the $24.1k wick screams typical liquidation cascade to me... traced the wallet clusters through that dump and the pattern's sus af. historical data suggests we're nowhere near capitulation yet, but everyone's too busy panic-posting instead of actually checking the onchain evidence. if altcoins really follow that ratio down? yeah, rugpull signatures would go absolutely nuclear.
Reply0
RunWhenCut
· 10h ago
Another big bearish candle, is it really going to break the bottom this time? Oh my, my position, I should have been less greedy from the start.
Bitcoin has once again stabbed a fatal blow, plunging to $24,111.
The question is, is this really the bottom for Bitcoin?
The more I think about it, the more scared I become. If it really drops to 24,100 per coin, where will Ethereum, Binance Coin, SOL, and these guys fall to? I can't even imagine. At this rate, 99% of projects in the crypto space might just disappear from the map.
That scene... just thinking about it can make someone break out in a cold sweat.