WATCH THIS BEFORE BITCOIN DROPS BELOW $70,000...
These notes were generated by AI and may contain inaccuracies.
A round of applause to the bag holders for their tolerance. Bitcoin was at 71,400 and showing lower lows and lower highs. It will likely break $70,000 the day before or on MSTR earnings report. Question: Can it gap down from $70,000 into the low 60s or high 50s?
As Bitcoin falls, feel free to buy. Not in support of Bitcoin—never have been, never will be. It's a speculative asset, but believe in your right to buy as much as you want. Not discouraging buys, but advise against using leverage or money you cannot afford to lose, especially during an aggressive downturn.
Overall markets retraced 1.75% on NASDAQ (30-minute timeframe: early drop, retests, extended hours sell-off). Still incredibly bullish—pullback does not define reversal. BTC on daily chart: 45% retracement, lost nearly half its value. In bear markets, Bitcoin loses 70-85%. Unrealistic for average person with less than $1,000 to tolerate 50-80% swings if it's the future currency.
Past 3-4 months: lost 40%. People paid last month don't want 20-30% losses—not sustainable with this volatility.
Bhutan actively selling Bitcoin holdings ($22.4 million sovereign outflows). Only El Salvador and Bhutan bought as sovereign policy—both now sold or distanced.
Uncertainty from MSTR earnings tomorrow and Binance suing claims of insolvency (per Jacob King on X.com). FTX did the same before bankruptcy. Conspiracy: Jeffrey Epstein as Bitcoin's Satoshi—nail in the coffin for crypto.
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