The darkest hour in crypto📉

No strength in the rebound—accelerating selloff!

Stop talking about faith in the crypto space. First, protect your own principal.

——————

BTC plunged from 63,200 to 61,700, down 1,500. ETH plunged from 1,690 to 1,650, and 40 points are gone.

Yesterday they were still shouting about a breakout pump; today it’s directly back to square one. Gold has broken below 4,000, falling 1,600 from its historical high. The shadow of the Korean stock market circuit breaker hasn’t faded yet, and expectations of rate hikes are growing stronger. Every time you think it’s finally bottomed out, it gives you a new bottom. You can’t see hope, and you can’t see the end.

This market is going through the most uncomfortable stage—not a sudden crash, but a slow grind lower. A sudden crash at least lets you try to catch a bottom, but a grind lower leaves you with no idea where the bottom is. It drops a bit today, bounces a bit tomorrow, and drops a bit more the day after. Like boiling a frog in warm water—by the time you react, your account is already losing nearly everything.

Both longs and shorts are being tormented. Longs can’t withstand the drops, and shorts can’t withstand the rebounds. Every rebound feels like a setup, and every decline feels like a bottomless pit. Every time you think it’s finally bottomed out, it’s still the same story. It drops a bit today, bounces a bit tomorrow, and drops a bit more the day after. Like boiling a frog in warm water—by the time you react, your account is already losing nearly everything.

Both longs and shorts are being tormented. Longs can’t withstand the drops, and shorts can’t withstand the rebounds. Every rebound feels like a setup, and every decline feels like a bottomless pit. In this kind of market, no matter what you do, it’s wrong.

On the macro level, gold breaking below 4,000 is a signal. It’s not that hedging fails—it's that the entire asset-pricing logic is changing. Money is getting more expensive, and risk assets are becoming less and less worth anything.

BTC fell from 100,000 to 60,000, down 40%. But is 60,000 the bottom? Nobody knows. It might be 50,000, or it might be 40,000. It’s not impossible—it’s moving toward what’s possible.

If you need a break, take one. This market isn’t worth fighting for. Don’t think about catching the bottom. Don’t think about turning things around. First, stay alive—everything else doesn’t matter.

Wait until the market has truly been driven down and everyone is desperate, until you can no longer see any good news—maybe that’s when the opportunity comes. But not now. What you can do is only wait. Wait for the market to work itself out. Wait for sentiment to fully clear. Wait for a new narrative to emerge—wait for sentiment to fully clear, and wait for a new narrative to emerge. Until then, protect your principal first.
$BTC $ETH $SPCX #BTC跌破$63K，Q2期权到期成关键 #AI芯片成本海啸引美股暴跌