Opinion: Bitcoin Strategic Reserve Activation Failure and ETF Outflows Both Signal the Arrival of a Bear Market

BlockBeats News, March 9th, WhaleWire founder Jacob King posted on social media saying that Bitcoin's bear market has begun. The clear failure of Bitcoin's strategic reserve launch indicates that, apart from confiscated Bitcoin, no other assets were ever intended to be purchased. Meanwhile, the narrative of institutional demand has collapsed, with record outflows from ETF funds serving as proof. All narratives have been shattered — every single one.

Bitcoin extremists have been attracting new retail funds into the bubble by creating illusions, but they have run out of tricks. Bitcoin is heading into a multi-year bear market, falling to lows previously thought impossible. If you are already invested, I strongly advise selling all assets now, and if you wish, you can buy back after a drop of over 85%.