This time, bitcoin's fall feels different. Worse, even. Not just a dip but something sharper. Falling faster than before. A drop that bites harder. Less like correction, more like collapse. The ground giving way beneath it.
Crushed might be an understatement - Bitcoin plunged almost 40 percent since October’s high. Ethereum? It's falling harder, dropping month after month for half a year, now worth just half of what it once was. Money vanished by the billions while traders had no choice but to sell, one position at a time.
Why does it feel unlike before? This moment shifts somehow.
Footing gives way. The pressure breaks suddenly.
Fresh cash bets falling apart, markets losing steam while worry moves quick. Not some quiet dip - positions getting shoved out.
Now seen less as shiny treasure, bitcoin shows its teeth. When value dropped, so did digital bets on metals. Ripples reached banks, brokers, even pension funds. What looked solid cracked under pressure. Markets blinked first.
Bitcoin's big supporters might be in trouble if prices climb past sixty thousand dollars, warns Michael Burry. A drop to fifty grand? That could crush miners. When those miners collapse, they sell everything. Their flood of coins hits the market - downward spiral follows. Safety measures meant to protect the system start cracking under pressure.
Fissures appear now. One American bank closed for good. Others might close too, should selling pick up speed.
Faint light remains - pockets of money linger in certain companies, while better-defined digital currency laws might lend a hand later. For the moment though?
This drop has nothing to do with fading excitement.
Pressure cracks what holds things together.