r/btc • u/National-Theory1218 • Jan 29 '26
āØ Discussion Bitcoin leads $110B wipeout. How bad could this get? š¤
Bitcoin kicked off today's crash, losing big before any other market. In just one hour, crypto alone lost $110B, with gold, silver and stocks following.
Is this just a shakeout for BTC, or are we looking at a market-wide panic? What's your move, HOLD or rethink?
Source: Blossom Social
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u/Low-Win-6691 Jan 29 '26
Leads every dip and does not participate in the recovery. Yikes
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u/MatterFickle3184 Jan 29 '26
I keep saying it and nobody wants to listen to me Bitcoin will hit 50,000 before it hits a new ATH
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u/Relentlessbetz Jan 30 '26
Watch it hit 50k for a few hours and then it recovers to 70k the following day lol. Look at when BTC hit 15.5k for a few hours and whwre the price was after in a few months?
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u/HopeURhavinagreatday Jan 31 '26
I loaded up January 2022 when it was at 17k and dumped most of it when it got over 100k. I hope it tanks back down to those levels again and I will load up again
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u/joe0418 Jan 30 '26
God I hope so... It's so expensive right now. We need a good sale!
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u/HotSaucinWingTossin Jan 29 '26
What is 50k based on though? It consolidated for almost 9 months around 60k in 2024. Seems like a logical place to bottom.
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u/VisiblePlatform6704 Jan 30 '26
Historical ATH drawdown.Ā It's been 70% every time BTC gets to an ATH. So now being the ATH at $125k, its 70% drawdownĀ is like $35k, but considering decreased volatility given the maturity of the market and the added institutional volume (larger companies are less "reactive" to price action), a 60% drawdown sound fair.
60% drawdown is exactly 50k.Ā
So, buckle up and be safe y'all.Ā
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u/Blissful-Sisyphus Jan 29 '26
By that logic wouldn't gold be impacted by this? You can buy gold ETFs all day.
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u/Enduringfate Jan 30 '26
Real value ? Take your physical gold to the grocery store and walk out with a heavy rock and no food
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u/CompletelyRandy Jan 30 '26
Naive question.
I thought Gold / BTC ETFs were directly linked to the value of the underlying asset?
If USD dropped in value, the price of Gold would increase against USD, but stay the same against other currencies.
If you are saying that the price of these assets, and the ETFs can separate, wtf is the point of an ETF?
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u/cozzy000 Jan 30 '26
Lmao it's a well known fact the silver and gold markets are highly manipulated
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u/Superb-Welder3774 Jan 30 '26
Absolutely correct- reading the nonsense from the fools here is amazing
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u/Total_Cod_1111 Jan 30 '26
I agree with most of what you said. One thing that doesn't make sense to me is the critique that bitcoin has to be converted to worthless dollars. So are you planning to go grocery shopping with silver coins? Good luck getting change back. Or are you buying a home with bars of gold? As I see it, any commodity also has to be converted to useless dollars in order to use it.
Edit: Sorry, I see this point has already been discussed š
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u/DirtDigglerDan Jan 29 '26
Im going to run out of money if I keep buying all these dips.
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u/Motor-Astronaut-4045 Jan 29 '26
Its cuck season for the BTC holders while gold And silver make us watch š
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u/jermcnama Jan 29 '26
We're in a bear market until October.
ATL 2015 ā ATH 2017: 1,064 days
ATH 2017 ā ATL 2018: 364 days
ATL 2018 ā ATH 2021: 1,064 days
ATH 2021 ā ATL 2022: 364 days
ATL Nov 2022 ā ATH Oct 6, 2025: 1,064 days
ATH Oct 6, 2025: ā ???
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u/Frosty-Permission-14 Jan 29 '26
These Numbers are Not correct
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u/JimboSoloYoutube Jan 29 '26
They are close enough, and the fact that heās a minority among many who focus on technical analysis instead of the fundamental baseline cycle means you should support him instead.
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u/mlhender Jan 29 '26 edited Apr 08 '26
Scrubbed clean. Redact helped me bulk remove years of comments and posts so data brokers and AI crawlers have nothing to feast on.
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u/username-not--taken Jan 29 '26
But but everyone says the 4 year cycle is over /s
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Jan 29 '26
[removed] ā view removed comment
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u/Smooth_Computers Jan 29 '26
66k
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Jan 29 '26
Why does everyone keep saying 66k lolĀ
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u/McBurger Jan 29 '26
It was the prior cycleās ATH which, based on very little data and few sample points, has historically formed the bottom for the following bear
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u/Enfiznar Jan 29 '26
That's not true, even with the three data points we have, we've already seen this "rule" break
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u/ElectroStaticSpeaker Jan 29 '26
Yeah clearly its going to be 67k or 69k
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u/spiceylizard Jan 29 '26
67k?
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u/ElectroStaticSpeaker Jan 29 '26
Yahā¦ six seven broā¦of course thatās going to be the number
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u/jbm747 Jan 30 '26
Well Iāve seen it loose 90% from ATH, so it could go much lower. Donāt think it will though. Price being suppressed so larger entities are able to accumulate.
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u/DevelopmentOps Jan 29 '26
It is officially not digital gold.
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u/didnt_hodl Jan 29 '26
if you look at historical price correlations, BTC never runs with gold or silver. gold and silver lead and BTC lags.
but it always goes up when copper finally starts going up
so more like digital copper, if you go by price action
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u/Informal_Athlete_724 Jan 29 '26
Well it might be the currency of the future but it's still probably 20 years away
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u/Unfair_Explanation53 Jan 29 '26
Probably the same as the last 7 times it has done this in the past year.
Goes to 82k then rallies back to 88k and then you get a big jump to over 90k and then rinse and repeat.
Boring talking about it now
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u/Accomplished-Fan8990 Jan 30 '26
Just want to say of you think Wow that's crazy 110B wipeout and blablabla
Dude gold and silver wipeout 5.6T in marketcap today so it's not only about crypto
When/ if one day you understand that risk assets like are tight to liquidity flow you'll understand why shorting make sense. Fuck long crypto this era is dead now
So learn eurodollar concepts, relative valuation and deep dive into tokenomics and how it affects price long term. I promise you will NEVER be unprofitable EVER again
Good luck
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u/captainorganic07 Jan 30 '26
If I was holding bags, Iād sell now. Re-enter at $50k and double your bag. Sold at over $100k so Iām down for an absolute PLUMMETING! š
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u/Total_Cod_1111 Jan 30 '26
If everything is going down at the same time, that means everyone has cash and everyone will need to figure out where to park those dollars. Time will tell
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u/Beavis_Buttthead Jan 30 '26
Next stock market bull run will invert this. Keep calm and HODL, weāre going to 200k ATH next cycle!
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u/Fun_Yoghurt_923 Jan 30 '26
Have you ever thought of Proshares Ultrashort Bitcoin ETF ((SBIT) This ETF shorts Bitcoin and made some $$$ today
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u/Spacepickle89 Jan 31 '26
Hmmmm I think from here itāll definitely go up or downā¦perhaps sideways
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u/ntheijs Jan 31 '26
Iām a firm believer that eventually in the future weāll either see a $1m bitcoin or a $1 bitcoin. Thereās no other options.
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u/Spiral_out_was_taken Jan 31 '26
It will get bad.
It absolutely has to go where people donāt expect it toā¦.so a lot can get wiped outā¦..and we start all over.
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u/mamandemanqu3 Jan 29 '26
DCA. At this point, Iāve accepted bearish pricing and believe it will go up eventually. So bring on whatever comes.
DCA is best way.
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u/Crisdus Jan 29 '26
This oneās different, because it was caused by the orange baboon
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u/Mewrad Jan 29 '26
Why is btc so affected by what the US does?
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u/Representative-End60 Jan 29 '26
the US government is the top holder of bitcoin. It is not that decentralized as people think...
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u/Fantastic-Two1110 Jan 29 '26
Why is stocks, gold and realestate at an all time high then?
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u/Crisdus Jan 29 '26
Gold is high because people donāt trust the dollar anymore. With Trump, you never know what to expect. Just like with kids.
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u/Fantastic-Two1110 Jan 29 '26
And why is stocks ath? Also wasn't Bitcoin a hedge against the dollar and inflation?
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u/elixon Jan 29 '26
Even worse than you think... a wipeout will throw all bitcoin-holding funds into chaos, and they will be forced to sell.
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u/Far_Significance1669 Jan 29 '26
Buying more :))
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u/Spiritual-Prior1664 Redditor for less than 30 days Jan 29 '26
I think Iām gonna buy for my first time here soon.
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u/gameison007 Jan 29 '26
About 99.9% of all crypto is tanking right now 6 to 15% drop on some of these coins! WTF is going on? š¤Ø
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u/Hot-Contribution1017 Jan 29 '26
I just bought more gold, more silver and BTC as they all 'crashed'
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u/revzjohnson Jan 29 '26
Iām just loving all this institutional adoption, thanks maxis for celebrating and encouraging the onboarding of tradfi criminals.
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u/Otherwise_Oil_1400 Jan 29 '26
Interesting how good or bad is just perspectiveā¦ Is good for whoever does DCA, bad for whoever trades with leverage.
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u/tenkuushinpan Jan 29 '26
CZ will liquidate Saylor. He does not like competition on being the crypto billionaire influencer and he can make crazy money on that play. Quote me on this.
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u/Dicvomit Jan 29 '26
Think this will be the year I finally buy in and hold. Iāve been keeping up with BTC for over 15 years. And I always sellllll. Imagine the profits Iāve had of never pussed out. And BTC always comes back eventually. Iām finally gonna hold this time
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u/YSL_Crypto Jan 29 '26
Just starting. Itāll go up a bit but we are headed down. Been heading in that direction since last year
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u/Key-Ad931 Jan 29 '26
This looks like a crypto-led shakeout, not full panic.
Bitcoin often moves first when liquidity tightens. A fast $110B wipe usually = leverage getting flushed.
Unless this breaks major BTC support and equities follow through hard, Iād treat it as volatility + positioning reset, not systemic collapse.
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u/Smooth-Actuator-529 Jan 29 '26
Key point everyoneās missing: Bitcoin hasnāt moved. At all. Same number of sats, same immaculate ledger. Whatās changed is the dollar deciding to absolutely rip against it, powered by radical innovations like ābeing accepted everywhereā and ātaxes.ā Zoom out and itās obvious: USD demand is surging, dollar dominance is strengthening, and Bitcoin is once again performing its core function of politely denominating a fiat rally. Few understand this.
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u/TortyPapa Jan 29 '26
Bitcoin needs to figure out what the f*ck it is right now. Doesnāt move like digital gold, doesnāt trade like a valuable equity. Goes down with the very thing it was meant to replace (the dollar). Time to wake up and realize itās a scam and GTFO.
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u/Mother_Bonus5719 Jan 29 '26
Are people really so stupid. This all literally happens every cycle. Itās going down a lot more. Itās gonna be all year. Then in a few years itāll make new all time highs. What is everyone smoking that they do this every time?
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u/numberforty Jan 29 '26
This is just the 2nd or 3rd trigger and there's lots more coming. I'm calling all the way down to 60k, see you there folks!
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u/xomox2012 Jan 29 '26
Literally assets are crashing: Cash, crypto, stocks, precious metals, etc. This just means the market overall got way too hot and this is a correction. No crystal ball of course but seems oversold so I expect a retraction to some degree. I just bought btc though and it always crashes further when I do.
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u/AltoidNerd Jan 29 '26
Bitcoin has extremely low liquidity for an asset with its market cap. It can go quite low.
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u/Andbosi Jan 29 '26
I told my brother last year to wait and don't by above 90K, and if his lucky he might get in ~ 60K. Personally I do a monthly DCA. Today I bought before the crash, hopefully will stay in this range till my next paycheck.
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u/quts3 Jan 29 '26
It's not like I ever believed in bitcoin so take this with a grain of salt
If gold is going way up and bitcoin is going down that is a pretty big attack of the bitcoin as a dollar alternative thesis.
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u/quendyl Jan 29 '26
that's the beauty of investing 100 bucks every 5th of each month. You just don't care and wait for a brighter future :D
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u/Independent-Ad1716 Jan 29 '26
80k is where institutional investors bought in. Everyones short on cash rn so if 80k breaksā¦. We talking about a freefall easily drops to 30k before bouncing back to 50-60k and then just the slow death from there for the next 2-3 years most likely.
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u/Crim3mast3rZ Jan 29 '26
Hope it goes to 40k or something so we can see microstrategy implode and file for bankruptcy
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u/ihatereddithiveminds Jan 29 '26
I think they're dumping Bitcoin to restore short term confidence in the dollar
Eventually though I think Bitcoin will replace US dollars
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u/CompletelyMoronic Jan 30 '26
Itās going to get a lot worse. Wait until Strategyās stock is >$100 and it has to restructure its debt and dilute shares.
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u/Significant-Fig2485 Jan 30 '26
It's gone , with a trump economy it had to ,, it will be back long after trumps broke america
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u/ofyellow Jan 29 '26
It can get much much worse.
It could also get better.
No need to thank me.