CRYPTO latest!!! Bitcoin crashes to 21.400!!!

Definitely a mistake... which could've been avoided by taking a single look at the history of BTC market cap.

[link to ycharts.com (secure)]

Since June 8th, $180 billion have been pulled out of that market, which is around 30% of the total market cap on that day.

Wanna guess by how much the price of BTC has plummeted since June 8th?

Yep, by around 30% (from roughly $30K to roughly $21K)... because BTC is backed by nothing other than hard cash that people (and institutions, like hedge funds and banks) have thrown at it.

Just compare these two charts, and tell me it ain't so:

[link to www.statista.com (secure)]
[link to www.statista.com (secure)]

No small trader or investor in their right mind should be going long ("hodling") on BTC (or any other crypto) while big institutional players are pulling their money out of it.

If you want to actually make some short-term profit on BTC, just follow the market cap, it's telling you everything.

No small trader or investor in their right mind should be going long ("hodling") on BTC (or any other crypto) while big institutional players are pulling their money out of it.

youtubers keep saying to take crpto offline..
might be a good idea i guess.
halting transactions is one thing but what if they never reopen?