KZG Crypto
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Bitcoin at $124K: The Peak Game Under the Illusion of Liquidity
Bitcoin breaks through $124,000, surpassing Google to become the fifth largest globally, a figure that acts like a shot of adrenaline for the entire crypto world. But behind this revelry, $400 billion in liquidity is quietly drying up. The yield on Japan's 10-year government bonds has soared to its highest level since 2008; this overlooked signal may be more alarming than Bitcoin's new high.
Institutions hold 770,000 bitcoins without budging, while retail investors are panic selling. This extreme divergence reveals a harsh truth: when liquidity recedes, the first to be caught naked are always the undisciplined speculators. History tells us that every seemingly unbreakable bull market will reveal its fragile nature at the moment liquidity dries up.
Institutions hold 770,000 bitcoins without budging, while retail investors are panic selling. This extreme divergence reveals a harsh truth: when liquidity recedes, the first to be caught naked are always the undisciplined speculators. History tells us that every seemingly unbreakable bull market will reveal its fragile nature at the moment liquidity dries up.
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