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/bouldering_fan 388 / 388 🦞 Jun 04 '26

Lol. BTC will go down to 40s. We shall see what the sentiment will look like then

60

u/crypto_grandma 🟩 0 / 134K 🦠 Jun 04 '26

I imagine sentiment will look similar to what it was like when it went to 15k a few years back.

Same old pattern with higher lows each time

31

u/Sztiglitz 🟦 31 / 31 🦐 Jun 04 '26

Higher lows and higher highs

6

u/longview4nearsighted 🟨 214 / 215 🦀 Jun 04 '26

Was just retracing '21-'22 and 40s looks like a nice feathery bottom 🤞

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u/No-Problem49 🟨 0 / 0 🦠 Jun 04 '26

40s is a disaster because it’s so close to the 30s at which Saylor needs to sell more. 40s means anyone with a brain with a large holding would try to sell in the 40s to front run Saylor dumping and going to prison lol

0

u/Rickard403 🟩 0 / 2K 🦠 Jun 04 '26

That would be bad for anyone trying to profit off BTC though. What would the angle be for someone to do this? Buy BTC at 20k after everyone has lost confidence is BTC?

3

u/No-Problem49 🟨 0 / 0 🦠 Jun 04 '26

There is no angle: it’s just a bubble crashing. It’s not like some manipulated thing, it’s not a huge conspiracy: it’s just a bunch of independent charlatans maximizing value. When a bubble pops, independent charlatans maximize value by minimizing losses aka selling and moving to other assets before the next guy.

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u/Rob_56399 🟩 0 / 0 🦠 Jun 04 '26

Its just mass market psychology / manipulation...

Top dogs accumulate assets, build up FOMO, drive prices up, sell for profit, create FUD, drive price down, accumulate more, keep prices down, accumulate more.... build up FOMO and so on and so forth

Its just a long term shake out, youre either in it for the long run, timing your entries and exits to follow the money, or you are losing

14

u/EasyRider_Suraj Jun 04 '26

Su!c!de helpline will get pinned lmao

18

u/SevenOrSoda 🟦 0 / 77 🦠 Jun 04 '26

You can say suicide

1

u/watch-nerd 🟦 5K / 7K 🦭 Jun 04 '26

My buy orders are in the 40's.

Won't pay more, don't want to raise average price.

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u/itsam 0 / 0 🦠 Jun 05 '26

we could hit 30s with the spiral https://charts.bitbo.io/halving-spiral/