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#CelebratingNewYearOnGateSquare 🔥 Bear Market 2022 vs 2026
How similar the 2026 bear market is to 2022, just literally a 1 to 1 chart, expecting continued decline. According to the mechanics of 2022, we should see a drop to around $50,000 in about a month and a long bottom formation until October-November. About ~240 days of this.
What’s wrong!
Back then, the bear market started amid a decline in all markets, SPX dropped by $3,500, now it’s at $6,900, interest rates were raised, now they are being lowered. Back then, at every major plunge, a “black swan” from a crypto firm appeared, causing the drop.
Scams of 2022 causing liquidations and continued decline:
1. Terra / UST and LUNA (May 2022)
2. Three Arrows Capital (3AC)
3. Celsius Network
4. Voyager Digital
5. Vauld
6. Hodlnaut and other lending platforms
7. FTX and Alameda Research
8. BlockFi
9. Core Scientific
10. Genesis and other “FTX victims”
Right now—nothing is happening except for one pattern: Bitcoin is shifting from retail hands to fund and corporate hands, and 90% believe, based on the chart, in an analogy to 2022.