
🚨 EVERY CYCLE KILLS ONE EXCHANGE. THIS ONE JUST DIED. BitMEX is shutting down after 11 years. And almost nobody understands what that means for Bitcoin. Mt. Gox died in 2014. BTC bottomed at $152, then ran to $19,800. +12,800%. BitGrail collapsed in 2018. BTC bottomed at $3,122, then ran to $69,000. +2,100%. FTX blew up in 2022. BTC bottomed at $15,768, then ran to $126,162. +700%. Now BitMEX is next. The exchange that invented the 100x perpetual swap closes September 23. That is not just another headline. That is a cycle marker. Crypto always looks weakest right before it turns. One exchange dies. Leverage gets cleaned out. Retail calls the market dead. Then Bitcoin starts the next expansion. Every time. The market is not at the bottom today. It is at the stage that comes right before it. The crowd will read this as one more bearish headline. I read it as the last piece lining up. Reminder: I called the $16K Bitcoin bottom and the $126K top. When I start buying again, I will post it publicly. Turn notifications on before the next cycle becomes obvious. Most people will follow too late.
