Bitcoin drops below $70,000. I looked through the hundreds of crypto groups I’d joined and found something terrifying. During the bull market, group messages would hit 99+ per minute—buy orders, bragging, and talk about coins that could multiply by 100. Now almost all of it has disappeared. I tried sending a red envelope in one of the groups: $10, 20 envelopes. It was snatched up in less than a minute. Only two or three people replied with “Thanks, boss.” After that, the group chat fell into dead silence again.