Bitcoin 60(@Square-Creator-012361188)'s insights

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Yes

AZ-Crypto

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Bearish

$BTC
Sometimes, Somewhere, Somehow.... Karma will hit you back 🔥
{future}(BTCUSDT)

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Bitcoin 60

@Square-Creator-012361188

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‎🚨 BITCOIN IS CRASHING AND THIS IS THE REASON WHY!!! ‎ ‎Bitcoin is down today for a very simple reason, and almost nobody is explaining it properly. ‎ ‎It’s coming straight from China, and the timing matters. ‎ ‎That’s right, china’s crashing bitcoin, AGAIN. ‎ ‎Here’s what’s happening: ‎ ‎China just tightened regulations on domestic Bitcoin mining again. ‎ ‎In Xinjiang alone, a huge chunk of mining operations were shut down in December. ‎ ‎Roughly 400,000 miners went offline in a very short window. ‎ ‎You can already see it in the data: ‎Network hashrate is down around 8%. ‎ ‎When miners are forced offline like this, a few things happen fast: ‎ ‎– They lose revenue immediately ‎– They need cash to cover costs or relocate ‎– Some are forced to sell BTC into the market ‎– Uncertainty spikes short term ‎ ‎That creates real sell pressure, not the other way around. ‎ ‎This isn’t a long-term bearish signal for Bitcoin. ‎ ‎It’s a temporary supply shock caused by a dumb policy, not demand. ‎ ‎We’ve seen this movie before. ‎ ‎China cracks down → miners shut off → hashrate dips → price wobbles → network adjusts → Bitcoin moves on. ‎ ‎We should expect more pain in the short term, but long term this doesn’t even matter. ‎ ‎Btw i called the exact bottom at $16k three years ago and also the top at $126k and i’ll call my nexy move publicly like i always do. ‎ ‎Many people are gonna wish they followed me sooner. ‎ $BTC $ETH $AT

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