Opinion: The failed launch of Bitcoin's strategic reserve and the outflow of ETF indicate that a bear market has arrived."
According to online reports, WhaleWire founder Jacob King posted on social media saying that a bear market for Bitcoin has arrived. The failed launch of Bitcoin's strategic reserve clearly shows that it was never intended to purchase any assets other than confiscated Bitcoin. At the same time, the story of institutional demand has collapsed, as evidenced by record outflows of ETF funds. All narratives have been shattered-every one of them has been shattered.
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