{"id":390347,"date":"2022-01-06T13:52:33","date_gmt":"2022-01-06T10:52:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-twitter-flips-bearish-community-responds\/"},"modified":"2022-01-06T13:52:33","modified_gmt":"2022-01-06T10:52:33","slug":"bitcoin-twitter-flips-bearish-community-responds","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-twitter-flips-bearish-community-responds\/","title":{"rendered":"# Bitcoin Twitter flips bearish, community responds"},"content":{"rendered":"

“# Bitcoin Twitter<\/a> flips bearish, community responds <\/strong>”
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As Bitcoin\u2019s (BTC) price slides to 2022 lows, Bitcoin bears have come out to play. Popular names in the BTC space including FTX CEO Sam Bankman-Fried and John Carvalho heeded words of caution overnight, while long-standing gold proponent Peter Schiff and eternal pessimist CryptoWhale were keen to kick the coin while it was down.\u00a0<\/p>\n

A liquidation cascade on Thursday took out more<\/a> than $318 million BTC positions, over 88% of which were long. The price corrected to around $42,500 per BTC. <\/p>\n

News<\/a> of a mining ban in Kazakhstan and the United States\u00a0Federal Reserve\u2019s decision to hike rates were likely causes for the slump in crypto market confidence.<\/p>\n

Schiff tweeted<\/a> that if \u201cBitcoin breaks $42K it\u2019s headed to $30K. If it breaks $30K it could crash to $15k. All this might happ<\/a>en very soon.\u201d He encouraged BTC-leveraged investors to sell now to avoid liquidation at lower prices. <\/p>\n

CryptoWhale, a self-proclaimed crypto analyst and perma-bear with upward of 400,000 Twitter followers,\u00a0said<\/a>, \u201cBitcoin is going under $10K this year. Don\u2019t forget that.\u201d A relentless Bitcoin bear, the account has called for a sub-$10,000 BTC since as early<\/a> as October last year. <\/p>\n

Related: Raoul Pal says ‘reasonable chance’ crypto market cap could 100x by 2030<\/em><\/strong><\/p>\n

The Bitcoin Fear & Greed Index is at lows not seen since 2021, which is usually the time that BTC OG\u2019s clarion calls are sounded. It registered a score<\/a> of 15 or extreme fear on Thursday morning.<\/p>\n

Bankman-Fried didn\u2019t exactly assuage investors\u2019 concerns about the bearish woes. He recommended<\/a> that the best thing to do in a bear market is to build before hastily clarifying that \u201cdown today doesn\u2019t mean down tomorrow.\u201d<\/p>\n

Finally, Carvalho, CEO of recently launched Synonym Software, didn\u2019t mince his words when referring to the recent BTC price movements: <\/p>\n

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EVERYONE must endure the brutal Bitcoin rite of passage of a bear market where their investments are severely under water.<\/p>\n

This includes Elon, Jack, and Saylor.<\/p>\n

And you.<\/p>\n

\u2014 John Carvalho (@BitcoinErrorLog) January 5, 2022<\/a><\/p><\/blockquote>\n