๐ฅ HISTORIC PANIC IN $BTC ๐ฅ
Short-term holders are getting wiped out.
Not during COVID.
Not during the 2021 crash.
Not during FTX.
RIGHT NOW.
The realized loss ratio has just reached the most extreme level ever recorded.
Think about that.
Millions of dollars worth of #BTC are being sold at losses by traders who bought recently and can no longer handle the volatility.
๐ Worse than COVID.
๐ Worse than FTX.
๐ Worse than every major panic event #Bitcoin has survived.
This is what capitulation looks like.
This is where weak hands transfer coins to strong hands.
Could Bitcoin still go lower?
Absolutely.
But historically, the moments of maximum fear are rarely where long-term wealth is created by selling.
The crowd is panicking.
The chart is screaming.
The question is:
Who's buying what everyone else is throwing away?
FOLLOW โ @ABS_GLOBAL_CRYPTO
๐๐
#Crypto