This 2021-2023 bear market might seem less severe than prior bears, but from a technical perspective this bear market is worse: More Bitcoins were sold at a loss during this bear and Bitcoin reached oversold levels never seen before

We often say here that this bear market was not as harsh as prior bear markets, because the percentage drawdown (% drop from all time high) was not as severe. This is true in the sense that the percentage drop in previous bear markets was always over 80%, while the Read more…

One year ago, a fellow user made a post with some observations that indicated Celsius might be insolvent. The initial reaction to the post was mainly negative, but he turned out to be right.

On June 1, 2022, fellow r/cc user r/vocatus made this post warning us all about certain signs suggesting that Celsius might be insolvent and advised people to withdraw their funds immediately. At first, it was dismissed as FUD and heavily downvoted. Some people took the post seriously, though, and withdrew Read more…