$BTC Bitcoin is about to face a sharp drop. Various phenomena have already emerged, but it's a pity that retail investors cannot see the crisis due to the sudden bull market.

First, China is the second-largest holder of Bitcoin, but this year it has quietly sold a large amount of Bitcoin in exchange for gold. This is very important. In recent years, everyone knows what kind of character certain platforms have; they initially called Bitcoin a scam and urged everyone to invest in stocks, but secretly increased their Bitcoin holdings. As a result, stocks crashed while Bitcoin surged. Now, they are selling off Bitcoin for gold while gradually recognizing Bitcoin domestically. If you don't say they don't know what insider information is, who would believe it?

Second, the U.S. government and the U.K. government have been continuously selling off Bitcoin. Yes, the U.S. has always supported cryptocurrencies, but the government talks about how good Bitcoin is while continuously selling it off. Isn’t that treating the crypto market as a crop to be harvested? On one hand, they praise the crypto market's significant benefits, while on the other hand, they are offloading their holdings.

Third, Bitcoin has been declining for days while altcoins are skyrocketing. Dogecoin and Ethereum have been rapidly rising, while Bitcoin continues to fall, effectively dragging Bitcoin down with them. However, it is 100% certain that altcoins will inevitably crash because institutional investors have entered the market. The benefit of institutional entry is that coin prices soar, but the downside is that once they exit, a crash is inevitable. At that time, retail investors will follow the big players and panic sell, a fact that can be confirmed from previous years. Once altcoins crash, Bitcoin will certainly collapse.

This year is particularly unusual; in the past, Bitcoin usually led the way, but this year it is showing weakness. It is basically safe to assert that Bitcoin has peaked. The big players will undoubtedly sell off to cash out; it’s just a matter of when.

Do you remember a few days ago? Bitcoin dropped from 119,300 to 118,000 in less than a minute, leaving no time for anyone to react before it plunged down. So this is not a normal correction; it is about to crash. It is almost certain that this is not a false breakdown; if it were, it would drop back and rise higher, not keep falling. Ultimately, this is a sell-off.