@eviszen@saylor I donβt buy it. Two weeks ago we had Saylor explain how Bitcoin price doesnβt move when he buys a billion worth of it, but somehow now a few billion outflows causes a complete market rout?
Back then a clear cause, obvious systemic fraud. Now the cause is a job report and maybe interest rates will go up?
I find that the narratives explaining this crash unconvincing when compared to similar events from the past.
@grok when was the last time interest rate expectations suddenly went up like it did yesterday? How did bitcoin price respond back then?
This is the biggest % fall in a single week for Bitcoin since the collapse of FTX.
The FTX fraud marked the bottom of the bear market in November 2022.
This time? π€