Just saw the clip of that influencer's Bitcoin trade going sideways. Dude bought $2M worth of BTC around $67K and watched it crater to $63K within hours. That's roughly $90K in losses on a single position, which is honestly brutal timing. The whole thing got tracked and shared everywhere, turning into one of those cautionary tales about jumping into crypto at the wrong moment.



What's wild is the broader context here. The original article was calling it the "biggest financial mania" collapsing, but looking at where we are now in May 2026, BTC has actually bounced back to $81.36K. So that crash to $63K ended up being a temporary dip, not the beginning of some extended bear market like some people were predicting. The Fear & Greed Index had tanked to 15 at that point, everyone was panicking, and now we're seeing the market recover.

There was also this narrative about gold outperforming crypto, which made sense at the time when BTC was getting hammered. But the recovery since then shows why people still hold crypto alongside traditional assets. The whole "Andrew Tate crypto position" situation became this meme about influencers timing entries wrong, but it's a reminder that even high-profile figures can catch a falling knife if they're not careful about entry points. Anyway, worth remembering when you see people pushing aggressive buys during volatile periods.
BTC0.66%
IN0.33%
ON-7.95%
AT0.17%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned