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Bitcoin's recent performance has been a bit embarrassing—just two weeks ago, it broke through the $86,000 mark and is getting closer and closer to the annual low. 📉
Watching this big brother continue to decline, investor sentiment is also becoming panicked, with everyone watching and observing. What do analysts think? They say Bitcoin is now like a mischievous kid, repeatedly testing the bottom of the range. Every time it finally tries to jump up, traders who bought at the high in October quickly hold it back, rushing to get out: "Don't move, don't move, I’ll withdraw first!" On Monday, it fell more than 3%, dropping to $85,578 at one point, down a full 30% from its previous peak of $126,000...
FalconX derivatives trader Bohan Jiang used a vivid metaphor—"Bitcoin is bouncing back and forth between $85,000 and $94,000, but now the enthusiasm in the crypto market has clearly cooled down, and trading activity is as quiet as an empty library." 😅
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This wave is indeed a bit fierce. It feels like the entire market has lost all enthusiasm.
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Empty library haha, what a perfect metaphor. This is exactly the vibe right now.
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Broke 86,000. Next time, will it have to look at 80,000? I'm freaking out.
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A 30% decline. Luckily, we didn't go all-in at the top, or else I’d be smashing my keyboard right now.
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Traders who bought in October are probably feeling like this right now: 🤐
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Repeatedly testing the bottom, it really feels like hitting the floor price. When will this wave rebound?
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The market is so quiet, I don't even have the desire to watch the charts anymore. Truly.
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Fell to 85,578. It seems like I need to keep looking for the bottom. I can't hold on anymore.