WhaleWire founder: Bitcoin is heading towards a bear market that will last for several years, and it is recommended to liquidate immediately

CoinRank News: Jacob King, founder of WhaleWire, posted on the X platform that the Bitcoin bear market has arrived. The failed launch of the Bitcoin Strategic Reserve clearly shows that there is no intention to buy any assets other than the seized Bitcoin. At the same time, the narrative of institutional demand has collapsed, as evidenced by the record outflow of funds from ETFs. All narratives have been shattered - not one left. Bitcoin extremists rely on creating illusions to attract new retail funds into the bubble, but they have run out of tricks. Bitcoin is heading for a bear market that will last for several years, and the decline will be as deep as lows that were previously thought to be impossible to reach. If you have an investment, I strongly recommend clearing it immediately, and if you like, you can wait until it plummets by more than 85% before considering buying it back.