BlockBeats News: On March 9th, WhaleWire founder Jacob King posted on social media that the bear market for Bitcoin has arrived. The failed launch of the Bitcoin Strategic Reserve clearly indicates that there was no intention to purchase any assets other than the confiscated Bitcoin. At the same time, the notion of institutional demand has collapsed, as evidenced by record outflows of ETF funds. All narratives have been shattered - every one has been shattered. Bitcoin extremists created illusions to attract new retail funds into the foam, but they have exhausted their tricks. Bitcoin is heading towards a bear market that has lasted for many years, falling to a low point that was once considered impossible. If you have already invested, I strongly recommend selling all assets now. If you are willing, you can buy back after a drop of more than 85%.
