I am all in on $BTC short and my liquidation is 78k, let's see who wins. I will wait and wait... the current economic conditions all suggest the entire market, not only crypto, is a massive bubble. And crypto will be hit the hardest due to 0 fundamentals.
High interest rates, high inflation, high unemployment, high job numbers, high average wage...
But also lowest household savings in recent years, and record high debt for many nations, credit card debt is also max, debt to income ratio is insane. Household debt and consumer debt also peaking.
The only reason this was sustainable is because of government spending. Main leader is US government, Biden administration's reckless spending with zero regards to debt control. This situation is unsustainable.
There will be massive economic collapse in the near future. The conditions are the exact same as previous market crashes. But just like before, no one actually thinks it will come. Then everyone is caught off guard. These market crashes are remembered to be so devastating because a lot of people get affected.
These people had 0 clue what was to come. Crisis always comes when the general public does not acknowledge it. Lack of awareness amplifies the issue, a problem cannot be solved if it isn't even recognized to begin with.
