Good evening to all my friends. I hope you all doing well. I know many of you scared from market because suddenly everyone feeling like, our money is not safe anywhere. Big crypto projects, exchanges falling one by one. Big banks falling one by one. Stock market is also crashing. Overall so much panic in the world going on but i knew this will happen because that's how bear market looks like. Yesterday every single stable coins Depegged except usdt that's huge blow for crypto market, everyone is in panic. Let me tell you few big collapse that happened after last bull market.
May 2022 - Luna / terra collapse
May/june - 3AC collapse
July - Celsius / block fi/ voyager debacle
November - FTX collapse (after being the ones who bailed out these other failing companies)
November - genesis lending collapse
Few days ago - silvergate bank collapse (they funded Sam)
Yesterday - Silicon Valley bank (they bank for USDC circle and most tech start ups)
Silvergate was the only bank that would print liquidity on weekends.
MICROSTRATEGY HAS 80% OF THEIR BITCOIN IN SVB
I think more fud news on the way to create the new BTC bottom. I am going to follow my rules nothing fancy I'll do from here. Wish you all a happy weekend!!