BlockBeats News: On March 9, WhaleWire founder Jacob King posted on social media that a bear market had arrived for Bitcoin. The failed launch of the Bitcoin Strategic Reserve makes it clear that there was never any intention to buy any assets other than the confiscated bitcoins. At the same time, the narrative of institutional demand has collapsed, as evidenced by record ETF outflows. All narratives were broken – everyone was broken. Bitcoin extremists create illusions to lure new retail funds into the bubble, but they have run out of tricks. Bitcoin is moving towards a multi-year bear market, falling to lows that were once considered impossible. If you have already invested, I highly recommend that you sell all your assets now and buy them back after a drop of more than 85% if you want to.