Bitcoin fell as much as 7% over 24 hours to below $67K on June 2 for the first time since April, following Strategy's first BTC sale since 2022; MSTR fell 9.15%
Souring Bitcoin sentiment has triggered almost $1.5 billion in crypto liquidations over the past 24 hours, as the largest digital asset sank back to a two-month low.
Bloomberg
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Discussion
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@peterschiff
Peter Schiff
on x
There is way too much complacency in Bitcoin for the market to be anywhere near a bottom. When Bitcoin breaks $50K, it should be a quick fall below $20K, which should be a big enough drop to shake the conviction of long-term HODLers, causing many to finally throw in the towel.
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@cryptopathic
@cryptopathic
on x
MSTR is the vehicle through which Bitcoin could be exited to the sleepwalking capital of institutional laggards with a half-understanding of what Bitcoin actually is. Saylor is a soon-to-be two-time fall guy, a professional useful idiot. The current valuation is based mostly on a
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@saylor
Michael Saylor
on x
@ColeMacro @Strive for Bitcoin
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@shahh
Shah
on x
If you bought 1 Bitcoin in 2021 when you were 18 years old Congrats! You are now pushing 30, and the price is exactly the same. [image]
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@peterschiff
Peter Schiff
on x
I wonder if a Bitcoin crash will be a harbinger of things to come in risk assets in general, or if it's just a one-off thing confined to Bitcoin and crypto. Whichever it is, we should find out soon enough. Maybe it will also be a catalyst to drive investors into value and safety.
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@alifarhat79
@alifarhat79
on x
Checking on the guys I told to buy bitcoin at $126K [video]
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@alifarhat79
@alifarhat79
on x
Me with $137 in bitcoin worrying about it going below $70k [video]
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@jason
@jason
on x
Saylor drove bitcoin over 100,000 Looks like he's gonna drive it down to 50,000
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@paoloardoino
Paolo Ardoino
on x
bitcoin ❤️ [image]
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@amitisinvesting
Amit
on x
so does anyone like Bitcoin anymore
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@tradermayne
Mayne
on x
bitcoin:native The charts have said $40k-$60k Bitcoin is good value for a long time. If Saylor selling is the catalyst that sends us there, fantastic. If it lines up with the 4 year cycle and we are bearish into summer bottoming in Q4 2026, even better.
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@peterschiff
Peter Schiff
on x
Bitcoin is below $69K, a peak first reached in Nov. 2021, nearly five years ago. However, during that time period the NASDAQ is up 73%, gold is up 138% and silver is up 218%. Despite the unprecedented hype, Bitcoin investors missed out on huge gains in risk and safe-haven assets.
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@fintechfrank
Frank Chaparro
on x
Bitcoin's break from tech is getting harder to ignore. The Nasdaq 100 just hit a fresh record high, fueled by continued AI-driven inflows, while bitcoin heads the other direction. Over the past 12 months: • Nasdaq 100: +41.5% • Bitcoin: -37% and still 48% below last year's [image…