@Lanceljx:
Here’s my view on the recent plunge in Bitcoin (BTC), where we stand and where we might be headed — with the usual caveat: this is not financial advice. --- What’s happening 1. Bitcoin recently dropped below the US $90,000 level and slid to around the US $86,000 mark. 2. Market sentiment is shifting distinctly bearish. For example: The probability of year-end Bitcoin price below US $90,000 is estimated at about 50% in one study. Analysts point to “max pain” zones (cost bases of big institutional holders) around US $84,000 to US $73,000 — meaning these are levels where forced selling/liquidation risk is elevated. 3. The wider macro and structural backdrop is weak: Liquidity concerns (higher interest-rate environment, less bullish central-bank stance) are weighing on risk a