The GREAT CRYPTO CASCADE is here. Bitcoin has SHATTERED the critical $70,000 floor, plunging the so-called “digital gold” into a state of PURE MARKET PANIC and leaving MILLIONS of retail investors holding the bag. This isn’t a dip—it’s a full-blown COLLAPSE, and the financial elite who pumped this asset are now the ones DUMPING it.
Analysts are issuing DIRE warnings, with Coinshares’ James Butterfill stating a terrifying slide toward $60,000 is now “quite likely.” But this is bigger than charts. This is a SYSTEMIC FAILURE of the crypto narrative. Over $2 BILLION in leveraged positions have been liquidated in a bloodbath of forced selling, as the INSTITUTIONAL DEMAND that was supposed to save Bitcoin has VANISHED.
Where are the Wall Street saviors now? U.S. spot Bitcoin ETFs, which were buying tens of thousands of coins just a year ago, have turned into NET SELLERS. The “store of value” story is DEAD. Bitcoin is now trading on “pure liquidity,” a polite term for a market with NO REAL FOUNDATION.
The most HARROWING signal? Bitcoin has crashed through its 365-day moving average for the first time since the devastating 2022 crypto winter, and its decline since that breakdown is already WORSE than that last brutal bear market. The charts are screaming what the hype-men won’t: this asset is in FREE FALL.
The entire house of cards, from Ethereum to XRP, is collapsing alongside it, proving this was never a revolution—just the greatest speculative PONZI SCHEME of the 21st century, and the final bill has just arrived.
Author: Kayitsi.com
