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Home ยป The Largest Crash in History is Imminent Bitcoins Pinpoint Collapse Triggers a 510 Million Liquidation Across the Network Is Now the Time to Buy
Bitcoin

The Largest Crash in History is Imminent Bitcoins Pinpoint Collapse Triggers a 510 Million Liquidation Across the Network Is Now the Time to Buy

By adminJul. 5, 2024No Comments2 Mins Read
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The Largest Crash in History is Imminent Bitcoins Pinpoint Collapse Triggers a 510 Million Liquidation Across the Network  Is Now the Time to Buy
The Largest Crash in History is Imminent Bitcoins Pinpoint Collapse Triggers a 510 Million Liquidation Across the Network Is Now the Time to Buy
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Coin World reports:
[Image]
Exchange Mt.Gox this morning transferred 47,228 BTC (worth up to $2.7 billion) from its cold wallet to a wallet starting with (1L7Xb…), and Bitcoin also plunged to $56,680 at the same time.
The Bitcoin market has been in a continuous decline recently, with the market attributing the fall to several reasons:
The German government’s sale, Mt.Gox’s repayment, the slowdown in spot ETF capital inflows…
Earlier around 8:30, according to Arkham tracking data, Mt.Gox had transferred 47,228 BTC (worth up to $2.7 billion) from its cold wallet to a wallet starting with (1L7Xb…), likely in preparation for repayment.
[Image]
Possibly as a result, Bitcoin dropped to $56,680 at the same time, very close to the previous low of $56,552 set on May 1st. At the time of writing, Bitcoin has rebounded to $57,298, down 4.89% in the last 24 hours.
[Image]
Over $510 million liquidated across the network in the past 24 hours
Under the repeated market corrections of Bitcoin, Coinglass data indicates that in the past 24 hours, the total liquidation amount in the cryptocurrency network exceeded $510 million (about twice that of yesterday), with over 188,000 people liquidated.
[Image]
“Rich Dad Poor Dad” author Robert Kiyosaki tweeted a warning on Thursday (July 4th), stating that technical charts indicate
the biggest crash in history is imminent, with Bitcoin, gold, the stock market, and real estate all set to plummet, and a new bull market not expected until 2025.
Kiyosaki wrote: “Technical charts indicate that the biggest crash in history is coming. Prices for real estate, stocks, bonds, gold, silver, and Bitcoin will plummet. The good news is, the opportunity to buy cheap is coming.”
He further mentioned: “According to the technical charts, the major long-term bull market cycle is about to begin, with the bull market climbing from the end of 2025, and prices will continue to rise for many years. This bull market cycle is the prosperity that gold, silver, and Bitcoin investors have been waiting for.”
“Their patience will be rewarded. This is the long-term bull market cycle they knew had to come. They know it has arrived because the US is the biggest debtor nation in history.”
“They know this long bull market cycle is coming because they know confidence in ‘fake’ money is fading.”

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