"The $25 billion disaster caused by Bulgaria's 2018 Bitcoin sell-off! Zhuque Warning: History is repeating itself, if you don’t stock up now, you’re waiting to die!"
Core Viewpoint: A national-level Bitcoin investment blunder warning, the current market may be facing an epic buying opportunity!
The Bulgarian government sold about $1 billion worth of Bitcoin when the price was about $10,000 in 2018, directly leading to missing out on a potential gain of $25 billion at the peak of the 2021 bull market! This national-level investment disaster not only exposed traditional financial institutions' cognitive flaws regarding cryptocurrencies, but also sounded the alarm for global investors — if you don’t accumulate Bitcoin now, you may face a similar "Bulgarian-style tragedy" in the future!
Message Aspect: The Three Major Market Insights Behind the Bulgarian Case
National-level Bitcoin investment blunders reveal the fatal blind spots of traditional finance.
The Bulgarian government confiscated about 213,000 Bitcoins in 2017 through a crackdown on criminal activities, but sold part of its holdings during the 2018 bear market at an average price of about $10,000. This decision directly led to missing out on a potential gain of $25 billion when Bitcoin peaked at $69,000 in 2021! On-chain data shows that global institutional investors were frantically accumulating BTC at that time, while the Bulgarian government chose to "cut losses and exit."
History is Repeating Itself: The Current Market Structure is Highly Similar to 2018
The current Bitcoin price is oscillating around $120,000, and some short-term holders are beginning to panic sell. However, Zhuque's on-chain data analysis reveals that whale addresses are continuously increasing their holdings, and exchange BTC reserves have fallen to historic lows — this is astonishingly similar to the market structure before the 2018 sell-off! History does not repeat itself simply, but it always rhymes.
The global central bank digital currency race is accelerating, with Bitcoin's status as "digital gold" being reinforced.
The latest report from the Bank for International Settlements (BIS) shows that 90% of central banks worldwide are developing digital currencies. In this context, Bitcoin's scarce value as a non-sovereign "digital gold" becomes even more prominent. The Bulgarian case proves that any decision that underestimates Bitcoin's long-term value will come at a painful cost.
Technical Aspect: The current market may be facing a "Bulgarian-style" buying opportunity.
From a technical indicator perspective:
BTC is oscillating and gaining strength around $120,000, with RSI indicators showing initial signs of overselling.
On-chain data shows that whales are gradually accumulating at lower prices, contrasting sharply with the 2018 sell-off.
A 45-day window may attract the first batch of compliant funds, bringing in new buying pressure.
If the current pullback stabilizes around $110,000, it will replicate the bullish trajectory of 2018-2021, targeting a price of $250,000!
Zhuque Viewpoint: The Bulgarian lesson = current market buying signal!
Short-term: If BTC rebounds to $110,000, you can build positions in batches, paying close attention to significant on-chain buying signals.
Mid-term: If the macro environment stabilizes, BTC is expected to break through $180,000 in Q2.
Long-term: Bitcoin's narrative as "digital gold" is still strengthening, with increasing institutional adoption.
Action Suggestion: How to Avoid Becoming the "Second Bulgaria"?
Long-term Holders: Ignore short-term fluctuations, stick to a regular investment strategy.
Spot Investors: If BTC drops to around $110,000, you can gradually increase your position.
Contract Players: Short-term trading can bet on rebounds, but strict stop-losses are required.
Final Reminder: The lesson bought for $25 billion by Bulgaria tells us — in the crypto market, patience is more important than cleverness!
Now, what you should be thinking is — "When others panic sell, do I dare to go against the trend and buy the dip?"
Are you stuck? When to buy the dip? It's still the same saying, if you feel lost and helpless and don’t know what to do, click on the avatar to comment. I need fans, you need references.
