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I was instantly confused—when I saw Tesla drop by more than ten points, my first reaction was: oh no, did something happen to Musk?
After looking around, I found out it wasn’t—that’s just the U.S. stocks adjusting, and BTC (Bitcoin) was dragged down along with it.
Tejaphyro said something I quite agree with: BTC’s drawdown isn’t big, and the trading volume is also small. It’s not collapsing on its own—it’s being pulled down by someone else.
A drop that’s being pulled down is quite different from a drop caused by a self-driven breakdown. The former can be fine once the wind dies down; the latter is really what’s deadly.
Scrolling through a dozen or so posts every day from different perspectives, only by putting them together can you piece together the truth. Follow me for ongoing filtering. #