Over $12 billion is expected to be dumped on the market at any...

Over $12 billion is expected to be dumped on the market at any moment. Over the last few weeks, I've been warning people to scale out of the crypto markets. An amount like this, from Germany and Mt. Gox repayments, could easily wipe out any existing buy walls, plunging #Bitcoin to new yearly lows. There's no doubt we're re-entering a bear market, and all the gains made in the last year or so will be reversed. Let's not forget that the entire rise was printed out of thin air and the subsequent FOMO. Not sustainable! What goes up must come down

https://x.com/JacobKinge/status/1809065206879858886

...if you apply the X-mas tree theory, which proved to be uncannily accurate between Jan-May 2021 and July 2021-Jan 2022, the buck likely to stop around 42-44k, implying a further erosion of -20%+

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