RT☁777 Today's Analysis

1. The crypto market crashed directly today, with BTC and ETH falling sharply. Those still calling for a bottom are either foolish or malicious! Bitcoin dropped to a low of $83,338.3, now at $84,311.6, down 5.32% in 24 hours, directly losing the $85,000 level; Ethereum fared even worse, with a low of $2,752.5, now at $2,805, down 6.65% in 24 hours. It fell harder than Bitcoin, with 227,939 liquidations across the entire network, totaling $1.014 billion (about 7.05 billion RMB). Funds have vanished into thin air, and the total crypto market cap shrank to $2.82 trillion. Is this really what you call a safe haven asset?

Let's talk about Bitcoin first. Those who keep calling it "digital gold" must be feeling pretty embarrassed now, right? As geopolitical risk aversion heats up, funds are flowing into real gold. Even crypto giant Tether announced that 10%-15% of its investment portfolio will be allocated to physical gold. Over the past week, Bitcoin ETFs saw a net outflow of $1.3 billion, and BlackRock's iBit withdrew $537 million in a single week. On-chain data shows holders suffered their first collective loss in 2023, retreating over 30% from recent highs. The $80,000 level is in danger, yet some still stubbornly hold onto BTC—completely clueless about capital flows. Who are you fooling? The so-called inflation hedge and safe-haven attributes are just hype to sucker retail investors. It’s a gamble supported only by liquidity; when liquidity tightens, it crashes hard.

Now look at Ethereum. It’s falling even more sharply than Bitcoin, with no resilience at all. Those hyping high staking volume and a strong ecosystem—why are they silent now? Even with over 2 million ETH in staking queues and zero withdrawals, the ecosystem is faltering. DeFi and RWA adoption are slowing down, whales are secretly transferring $145 million worth of ETH to sell off, and ETH ETFs are net outflows of $611 million. BlackRock’s ETHA also withdrew $431.5 million. Basically, ETH is just a follower of Bitcoin—when Bitcoin drops, ETH drops even harder; when Bitcoin rises, ETH drags behind, still clinging to the fantasy of a big rally. It’s living in a dream.

This crash was not accidental. Cryptocurrency is a complete leverage amplifier. It can’t compete with gold as a safe haven, nor with AI for growth. It’s a risky asset that relies on hype, and funds have long since voted with their feet. With global liquidity tightening and geopolitical tensions rising, who would hold such high-risk assets? Those who previously hyped Bitcoin and ETH for a long-term bull run were just trying to trap retail investors. Now, the sharp decline reveals their true nature.

Still want to tell me to buy the dip? I advise you to stop now. Buying the dip at this point is just asking for trouble! $80,000 is the last line of defense for Bitcoin. If it breaks, it will head straight to $76,000. ETH can’t hold at $2,600; the next support is $2,000. Any rebound now is just a trap. Those still leveraging are just waiting to be wiped out by the market. Don’t be surprised when you get liquidated—no one will feel sorry for you.

In the end, $BTC and $ETH are just useless mud that can’t be saved, with no real value backing them. They rely solely on retail investors’ faith and the bubble created by leverage. Now that the bubble has burst, everyone will see who’s swimming naked. If you still dream of turning things around with crypto, wake up early. Don’t regret losing your last bit of money!