Bitcoin in freefall: the slide toward $60,000 continues
Bitcoin breaks below $66,000 and forced whale sales set the course toward $60,000, while Pi Network emerges as an ironic safe haven.
English · Original discussion in Spanish · Published
Bitcoin plunges: the $66,000 zone fades as support
While the "hodl" faithful keep chanting their mantra, the whales are jumping ship. Bitcoin's price has broken through the $66,000 zone and rumors of forced sales — like Sailor's to pay preferred dividends — only feed the panic. Selling pressure is concentrated around $65,000-$66,000, a level that was considered the floor for weeks. But when the big holders have to liquidate to plug holes, the market smells blood.
At the same time, the Pi Network phenomenon is resurfacing, a "perpetually bearish" crypto that has never traded in euros, which some see as an ironic safe haven. The anecdotes about whales confessing that "Bitcoin is no longer cool" and rotating into smaller coins like IOTA or Kadena are more dark humor than serious analysis.
With eyes on $60,000 as the next stop, and the boldest waiting for $15,000 to get in, the crypto market once again reminds us that there's never solid ground at garage auctions. The captain has already taken the lifeboats.
Related discussions in the forum
While the "hodl" faithful keep chanting their mantra, the whales are jumping ship. Bitcoin's price has broken through the $66,000 zone and rumors of forced sales — like Sailor's to pay preferred dividends — only feed the panic. Selling pressure is concentrated around $65,000-$66,000, a level that was considered the floor for weeks. But when the big holders have to liquidate to plug holes, the market smells blood.
At the same time, the Pi Network phenomenon is resurfacing, a "perpetually bearish" crypto that has never traded in euros, which some see as an ironic safe haven. The anecdotes about whales confessing that "Bitcoin is no longer cool" and rotating into smaller coins like IOTA or Kadena are more dark humor than serious analysis.
With eyes on $60,000 as the next stop, and the boldest waiting for $15,000 to get in, the crypto market once again reminds us that there's never solid ground at garage auctions. The captain has already taken the lifeboats.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (20 replies).
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