The 4 Reasons Why This Winter is the Most Painful
🧵 4 REASONS WHY THIS CRYPTO WINTER HURTS MORE (According to The Economist) 🧵
1/5 🧵 REASON 1 – Loneliness. In 2022, everyone was losing money (NASDAQ fell 33%). Now? The NASDAQ is 4% away from its all-time high. Crypto investors are suffering ALONE.
2/5 🧵 REASON 2 – Leverage backfires. On Sep/25, crypto loans reached US$ 74 billion (more than in 2021). In October, US$ 19 billion were liquidated in days. And Strategy Inc (MSTR) plummeted 70%.
3/5 🧵 REASON 3 – ETFs have become villains. IBIT (BlackRock) was the fastest-growing ETF in history. Now? US$ 3.5 billion in outflows in 80 days. Institutional money came in and is leaving through the back door.
4/5 🧵 REASON 4 – THE VIBE HAS DIED. For an asset without intrinsic value, the aura is EVERYTHING. Charles Hoskinson: "We became part of the system. And the system makes things dull." The president of the USA has become an insider. Where's the rebellion?
5/5 🧵 AND THERE'S STILL THE BITHUMB SCANDAL: "Ghost coins" registered without real backing. Trust? It's on the floor.
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