As Bitcoin (Bitcoin) The price fell to a low in 2022, and Bitcoin came out short to play. Popular figures in the BTC space, including Sam Bankman-Fried and John Carvalho, noticed the warning overnight, while the gold bug Peter Schiff and the eternal pessimist CryptoWhale were keen to kick Bitcoin when it fell.

The liquidation cascade exit on January 6 more More than 318 million USD in BTC positions, of which more than 88% are long positions. The price has been revised to approximately US$42,500 per BTC.

news Kazakhstan’s mining ban and The Fed decides to raise interest rates It may be the cause of the decline in confidence in the cryptocurrency market.

Peter Schiff, long-time gold supporter and cryptocurrency skeptic Tweet If “Bitcoin breaks through 42,000 USD, it will reach 30,000 USD. If it breaks 30,000 USD, it may fall to 15,000 USD. All this may happen soon.” He encouraged BTC leveraged investors to sell immediately, with Avoid liquidation at a lower price.

CryptoWhale, a self-proclaimed crypto analyst and permanent bear, has more than 400,000 Twitter followers, Say, “Bitcoin price is under $10,000 this year. Don’t forget.” As a relentless Bitcoin bear market, the account has been demanding less than $10,000 in Bitcoin since then Early Like last October.

related: Raoul Pal stated that by 2030, a “reasonable opportunity” cryptocurrency market value may increase by 100 times

This Bitcoin Fear and Greed Index It is at a low point not seen since 2021, which is usually the time when the BTC OG horn sounds.It registered a Fraction 15 minutes this morning or extreme fear.

Sam Bankman-Fried, CEO of the FTX cryptocurrency exchange, did not completely alleviate investor concerns about the bearish dilemma.he Respected The best thing to do in a bear market is to establish and then clarify in a hurry that “a decline today does not mean a decline tomorrow.”

Finally, the CEO Synonym software recently launchedJohn Carvalho was unambiguous when referring to recent BTC price movements:

Everyone must endure the brutal Bitcoin passing ceremony of the bear market, where their investment is severely underinvested.

This includes Elon, Jack, and Thaler.

And you.

— John Carvalho (@BitcoinErrorLog) January 5, 2022

As he pointed out, the BTC market may be a baptism of fire for novices. It may take a while for the bear to return to hibernation.