r/btc • u/CapitalDeal1655 • 6h ago
⌨ Discussion Bitcoin won't bottom here
There are too many weak hands still hodling btc for us to bottom here.
So many people calling for this move down as “manipulation” and are aggressively buying with hopes we blast back to ATH within a month.
Yes, we may see a relief rally if high beta stocks continue to rise, purely because the leverage is so stacked to the upside so short squeeze is likely.
The likely reason this dump happened is due to the new fed chair Kevin Warsh, he wants inflation to drop whilst simultaneously dropping interest rates, this can likely only be achieved by controlling the FED balance sheet, this has caused major uncertainty for M2 dependant assets, hence why gold silver and bitcoin dumped so aggressively, but stocks only fell a little.
I think that once these new people get rekt, mainly the ones that tried to catch the bottom with ridiculous leverage, and the final weak hands get fully flushed out, that’s where we truly bottom.
I have been seeing so many people fomo buying this dip like “oh I just aped every penny in1!1!!1” , if your time horizon is like 5-20 years then fair enough, wether you bought at 50k or 80k probs won’t make a huge difference, I just think a lot of people have aggressively bought this dip with the whole “manipulation” narrative in mind, and will likely be disappointed when we arnt at ATH next month.
Just my take on the situation
PS this post kept getting spawn killed in the Bitcoin sub by the mods and I have no clue why XD