$BTC
I've been saying Bitcoin would fall since last week, and I was right!
Now I have a new perspective on Bitcoin: Bitcoin is on the verge of a deeper collapse after falling below $100,000, predicting a sharp sell-off driven by deleveraging, waning investor optimism, and pressure on the broader crypto market.
Meanwhile, I believe cryptocurrency valuations are unsustainable compared to gold. A Bitcoin price of $100,000 should be seen as a time to sell, not an opportunity to accumulate; Bitcoin's high price will not last.
Wide leverage could exacerbate future declines, especially for those who have borrowed Bitcoin as collateral. HODLers use Bitcoin as collateral for loans to buy other assets or pay personal expenses without selling their holdings, predicting: "In the upcoming crash, these Bitcoins will be liquidated at even lower prices, exacerbating the decline. Many will not be able to obtain enough cash to pay their tax debts."
If you sell your Bitcoin now, you can buy some real goods. I think you know what I mean!
BTC
95,055.41
-0.28%