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Onramp
@OnrampBitcoin
Bitcoin is down ~45% from ATHs.

So why does sentiment feel even worse? Because some people are down ~95%.

Retail skipped bitcoin & chased leveraged proxies loaded with unnecessary risk.

All that buy pressure never touched the real asset.

@ODELL on The Last Trade
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Onramp · 29w
Full episode πŸ‘‡ https://youtu.be/EVZX1INYYos?si=mc4OF1p9bEGPApEc
Michael Dunworth · 29w
Because people can see the community is fragmented and Bitcoin has a chink in its armour. The sentiment of strength and alignment is decaying. Fact
Mynymbox - Privacy friendly hosting solutions · 29w
Bitcoin normally drops 80% from its ATH. Also do not forget there are 80% investment capital from hedgefonds, banks etc. When they drop BTC we see the 80% correction or maybe more.
Hoshi · 29w
nah, it feels worse because the liquidity association broke and 4 year voodoo cycles are nonsensical given that almost all btc is already mined
Adam Dunlap ⚑️ · 29w
Hmm I don’t think it largely changed bitcoin buy pressure. Retail is tiny compared to the ETF flows which are partly retail but the people weren’t doing treasury companies instead of that.
π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) · 26w
What? Even if you bought at the ATH, you are down 50%, how are you down 95%?