Bitcoin's 2008 Playbook Repeats: 1. The AI bubble is starting to deflate, and smart money is pulling out It used to be that just mentioning AI could drive prices up. Now, even with billions poured in, the ROI doesn’t add up. Long-term investors think AI valuations are too inflated and have already started quietly retreating. 2. Central banks are forcefully injecting adrenaline again The yen has been tanking so badly that the government is directly spending big to buy yen, trying to prop it up and stop the freefall. Long-term bond yields are rising too high, so the finance minister announced they’ll double down on buying long-term bonds to hold prices up. Forced intervention. When interventions fail, traditional assets like stocks and bonds tend to drop, and money flows into gold and Bitcoin. 3. The 2008 Playbook Bitcoin was born because of the 2008 financial crisis, when officials teamed up to flood the market with liquidity and convince everyone everything was fine. Now, the same scene is playing out again. Investors are realizing that governments have no choice but to keep intervening, and Bitcoin’s ultimate safe-haven narrative is being fully activated. 4. The biggest liquidation wave in crypto in 5 years Investors have caught on to the macro trends and positioned their funds early. Last week, this directly triggered the largest short liquidation in the crypto market in nearly 5 years. This isn’t just a small-scale event—it’s a massive capital migration ignited by global central banks’ expectations of more money printing.