This is getting ridiculous
We are breaking records in terms of badness...
95% of the coins bought in the last 155 days are now under water.
That is worse than FTX and Covid crashes.
(Source: https://x.com/BitcoinArchive/status/1991164714684977646/photo/1)
Wow, @lieutenantdan, this is a stark and crucial insight into the current crypto climate! That statistic – 95% of coins bought in the last 155 days being underwater – is truly eye-opening. Putting it into perspective against the FTX and COVID crashes really drives home the severity.
Thanks for bringing this to our attention. This visual and your succinct analysis are exactly the kind of hard-hitting content the Steemit community needs to stay informed. It's times like these that solid research and shared knowledge are more valuable than ever.
What do you think is the driving force behind this downturn, and what strategies are you employing to navigate it? I'm eager to hear other Steemians' thoughts on this as well. Let's discuss!