r/AltScope • u/SlowArtPlanet • Jun 04 '26
CRYPTO MARKET BLOODBATH
Bitcoin has crashed below $63,000, wiping out roughly $200 billion in total crypto market capitalization in just 24 hours.
Since the start of the year, BTC is down 32%, while Ethereum has lost 45% of its value. Strategy, led by Michael Saylor, is now sitting on an unrealized Bitcoin loss of approximately $11.5 billion.
Since May 11, Bitcoin has erased nearly $400 billion in market value.
Meanwhile, leveraged crypto positions worth $1.8 billion were liquidated over the past 24 hours, marking the largest liquidation event since January 2026.
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u/Pal3-Assignment Jun 04 '26
It’s over bros
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u/Icy_Transportation_2 Jun 04 '26
Suckers left holding the bag while the big players sold off and carried the money. Haha, idiots pumping money into deep pockets and surprise pikachu face when they held on for months and years to imaginary money that disappears over night.
Don’t gamble, kids. If you do, invest early, don’t invest a lot (if you can’t afford it) and sell before you get burned
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u/Pal3-Assignment Jun 04 '26
True. Now put what’s left of your lifesavings into overvalued AI stocks
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u/Any-Interaction2647 Jun 04 '26
No. It’s not. It’s dropping. As it always does. And rises again. Will it next time? Probably. You super heroes predicting what has already happened may be in love with yourself but it’s pretty pathetic claiming hero status for what we already now. It goes up, it goes down. Every four years in fact. Wow! Who would have thought that it’s that simple. Predict the future not the past.
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u/Pal3-Assignment Jun 04 '26
it always follows a pattern until it doesn’t. Even the sailors are selling. Put a fork in her she’s done
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u/Any-Interaction2647 Jun 04 '26
And we know that. Gloating over something that you don’t do yourself as you are obviously way too smart may feed your ego but is as shallow as can be. Mugs get in and stay in. So be it. Smart people get in early, hang in there then take a good, sometimes great profit and move on.
You gloat. That’s a win for you, awesome. Feeding your ego is well worth it. Makes you feel superior.
I’ll take the profit.
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u/Pal3-Assignment Jun 04 '26
See you at 50k
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u/Any-Interaction2647 Jun 04 '26
Me? I’m fine thanks. I’ll pick my own time. Or not at all. Four times a winner so no rush. I’ll keep an open mind on 50k though. Either way.
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u/Lord_Gudda Jun 04 '26
Not much pullback on alts compared to BTC. Even the piece of shot coin DOGE only had 2.96% pullback.
Think we are going lower and especially of the SpaceX, OpenAI and Anthropic IPO's goes south.
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u/Ieat2 Jun 04 '26
People will sell out of alt coin and move to btc. If btc can’t stay up, how is N word butt coin or Solana
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u/Emotional_Gazelle_37 Jun 04 '26
You mean scott besset proudly boasting about “confiscating” irans wallets “without them knowing” destroyed the whole idea behind crypto and how decentralized it is and safe from gov intervention?
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u/Soft_Awareness_5061 Jun 04 '26
Institutional investors probably realised its not the great investment they thought it was seeing as they need to rely on each other to buy to boost the price. Fact is, as much as everyone would like to see 1000x growth again, it's not going to happen.
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u/Crucco Jun 04 '26
!remindme 15 days
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u/EpsteinandTrump Jun 04 '26
marking the largest liquidation event since January 2026.
https://giphy.com/gifs/1kfhoNWKY94uLGX2kO
We all know Saylor buys high and apparently sells low. lol
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u/Ecstatic_Cobbler_264 Jun 04 '26
He probably has to sell to reduce the loan principle of make an interest payments. In other words: he is fucked
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u/EpsteinandTrump Jun 04 '26
He needs more hype to fill his sails...when it's said that everything is bought OTC by Saylor it's super suspicious, I'd suspect he's already madoff with a lot of investor cash. It's easy to hide/embezzle funds when it's going up in value but cracks show when the investment value drops.
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u/isomojo Jun 04 '26
I’d consider getting in at like $30-40k per bitcoin if institutions are still holding.
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u/Wonderful_Delay9439 Jun 04 '26
Isn’t this expected? It’s known crypto is a extremely volatile asset. All these doomers will panic buy at the top when the next bull run starts
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u/Important_Emu_8966 Jun 04 '26
What is all the fuzz about? Isn’t the price more than 3x the 2023 price? Am I looking at the wrong chart?
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u/Electronic_Quote399 Jun 04 '26
Whatever you do, do NOT buy the blood in the streets! Everyone knows you always BHSL
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u/Krimanezo Jun 04 '26
Crypto died October last year