like bitcoinBTCThe price fell to its lowest level in 2022, and the bears got out of Bitcoin to play. Well-known names in the BTC space, including FTX CEO Sam Bankman-Fried and John Carvalho, responded to words of caution overnight, while longtime gold supporter Peter Schiff and perpetual pessimist CryptoWhale they were eager to kick the coin as it collapsed.
And the series of sales fell on Thursday plus Of the $ 318 million in BTC positions, more than 88% are long. The price corrected to around $ 42,500 per bitcoin.
News Ban mining in Kazakhstan and the united states Federal Reserve Decision to Increase Interest Rates The possible reasons were the decline in the confidence of the cryptocurrency market.
Cook chirp What if ‘Bitcoin breaks $ 42K, it is heading towards $ 30K. If it goes over $ 30K, it could collapse to $ 15K. All this could happen very soon. Encourage BTC investors to sell now to avoid being liquidated at low prices.
CryptoWhale, a permanent cryptanalyst and bear with over 400,000 Twitter followers, He saidBitcoin will fall below $ 10,000 this year. Do not forget”. Being a relentless Bitcoin bear, the account has asked for less than 10,000 BTC since then Early In October of last year.
the Bitcoin indicator for fear and greed At lows not seen since 2021, which is typically the time BTC OG calls for clarification are heard. Recorded calendar 15th or extreme fear Thursday morning.
Bankman-Fried did not alleviate investor concerns about bearish problems. The Recommended The best thing to do in a bear market is to build before hastily explaining that “a drop today does not mean a drop tomorrow.”
Finally, Carvalho, general director of I recently released SynonymsHe did not utter his words when referring to the recent price action of BTC:
Everyone has to endure the brutal Bitcoin ritual of going through a bear market where their investments are heavily submerged.
This includes Elon, Jack, and Saylor.
and you.
– John Carvalho (@BitcoinErrorLog) January 5, 2022
As he points out, the BTC market could be a baptism of fire for newcomers. It may take some time before the bears return to hibernation.
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