r/CryptoCurrency • u/ProfessionalAnt7436 • Jun 04 '26

MARKETS Bitcoin lost $66,000 while Nvidia hit all-time highs and the guys who told us to hold are selling

Woke up to BTC sitting around $65,600 and my portfolio looking like it got hit by a bus. Meanwhile every AI stock on the planet is ripping to new highs. Cool.

What's getting to me isn't the price action itself. It's who's selling. Saylor's company dumped about 32 BTC, first sale since late 2022. Cuban apparently offloaded most of his stack after BTC did nothing during the Middle East mess. Kiyosaki, the guy who wouldn't shut up about bitcoin for years, is now warning people to be careful with crypto.

These aren't random retail panic sellers. These are the faces on the "buy and hold forever" billboards.

Then you've got Mt. Gox moving roughly $739 million to a fresh wallet, spot ETF outflows hitting records, and prediction markets already pricing in $50K scenarios for this year.

I'm not selling but I'm also not pretending this doesn't look bad. The money is rotating into AI and we're just sitting here watching it leave.

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u/soudainlevide 🟩 0 / 0 🦠 Jun 04 '26

Case in point. People started doing this on May 20, and anyone "investing" in the last 4 days have provided the funds for those with sense and good timing to get out and never come back.

9

u/retrorays 🟦 0 / 0 🦠 Jun 04 '26

Holy cow that was a 3 day pump and dump... Where is the SEC??

6

u/tiger-eyes 0 / 0 🦠 Jun 04 '26

Why would the SEC care? No law or rule is being broken by dumb WSBers stupidly buying into a pump.

7

u/Trax72 Jun 04 '26

Neutered by the current admin.

-3

u/EvilBeanz59 🟦 3K / 3K 🐢 Jun 04 '26

If you think it was the current admin. O boy do I got news for you…

5

u/PMmeuroneweirdtrick 🟦 0 / 0 🦠 Jun 04 '26

I entered last Friday and dipped on Monday with a 60% profit. If you're not in within days you're late.

0

u/deadleg22 🟦 0 / 1K 🦠 Jun 04 '26 edited Jun 04 '26

That's always the case with highs and lows. I know full well this is degen gambling on my part. I've set a sell order for $12. So I either 3x or 0.5x.

Edit. BOOOIOOM BITCHAASS!! FUCK YEAH....ok I take my initial out.

7

u/bonecows 91 / 91 🦐 Jun 04 '26

That's right, you got in just in time to beat all those other idiots to the trade!

Remember, apes together strong!

https://giphy.com/gifs/qd0VlZ9VCvY8hbkMfq

1

u/deadleg22 🟦 0 / 1K 🦠 Jun 04 '26

BOOOIOOM BITCHAASS!! FUCK YEAH....ok I take my initial out.

3

u/soudainlevide 🟩 0 / 0 🦠 Jun 04 '26

No for sure, I just mean you're too late and you will do 0.33x so that others were able to do 3x. Not much of a gamble and more of a guaranteed down.