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Opinion: Bitcoin Strategic Reserve Activation Failure and ETF Outflows Both Signal the Arrival of a Bear Market

2025.03.09 23:32:14

On March 9th, Jacob King, the founder of WhaleWire, posted on social media stating that the bear market of Bitcoin has commenced. The evident failure of the launch of Bitcoin's strategic reserve indicates that, apart from confiscated Bitcoin, no other assets were ever planned to be purchased. Meanwhile, the narrative of institutional demand has collapsed, with record outflows from ETF funds serving as evidence. All narratives have been shattered - every single one. Bitcoin extremists have been luring new retail funds into the bubble by creating illusions, but they have exhausted their tricks. Bitcoin is entering a multi-year bear market and falling to lows that were previously thought impossible. If you are already invested, I strongly recommend selling all assets now. And if you wish, you can buy them back after a drop of more than 85%.
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