OnrampBitcoin on nostr

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

Onramp · 2d

Full episode 👇 https://youtu.be/EVZX1INYYos?si=mc4OF1p9bEGPApEc

Michael Dunworth · 1d

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 · 1d

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 · 1d

nah, it feels worse because the liquidity association broke and 4 year voodoo cycles are nonsensical given that almost all btc is already mined

Svoboda · 1d

https://primal.net/e/nevent1qqsxvgynahk93k09f5ancc6tm0m8jtaqlaz68fe3hdmu93yzhnpvdzqrnyv77