BREAKING: BitMEX is shutting down after 11 years. When exchanges start struggling, the $BTC bear market bottom is usually in or very close. Mt. Gox 2014 → 12,000% rally BitGrail 2018 → 2,044% FTX 2022 → 686% Exchanges may die. Bitcoin never dies.

BitMEX shutting down is a reminder that the industry has changed massively since 2014. But I wouldn’t use exchange failures as a timing signal by themselves. The bigger takeaway is that Bitcoin has repeatedly survived the collapse of companies that many people once thought were essential to the ecosystem. The companies can disappear. The network keeps running.

Is the bitcoin narrative falling apart? I've always been curious why it's given away for free on these gaming apps? People DCAing into BTC is ridiculous when I can get free SATS on 3 different apps. Just check in daily. Where's the free XRP apps at???

bitmex was my first swap exchange, feels like the end of an era

Imagine that another @CryptoHayes scam shutting down....

Bitcoin will never die

this cycle only max 3x from here

Historical patterns suggest a huge bounce for $BTC is coming

Bottom is not in, no way ?

History shows that infrastructure can fail, but Bitcoin keeps evolving. In moments like these, a clear VOICE matters more than market noise.

bitcoin has seen bigger storms than this

Historically, exchange capitulation has always mark the final phase of a bear market cycle. If this holds true, liquidity wipeouts like this are usually the setup for the next macro reversal

😂 bro is closed no ruged

They've been amazing. For all the time they've been around, there has been zero funds lost to hacks, and this is a legacy. Will withdraw my assets to mexc. I wish the team well in all futures endavours

Market capitulation often coincides with stress across the industry, but it's important not to assume history will repeat exactly. Bitcoin has outlived every major exchange failure so far. @21_sats has consistently focused on the bigger picture beyond the headlines.

+take down the ccp

🥲

The diminishing returns point to a 100% gain in bitcoin now. So 125k before crashing again in 2030. Good technology for saving but definitely not investing anymore.

Historically that's exactly how bottoms form — max pain, weak hands out, then reversal. Same "quiet before the storm" pattern I've been tracking on newly listed stocks 👇

bitmex actually shutting down after 11 years

Bitcoin doesn’t need a CEO. It doesn’t need a marketing team. It just keeps producing blocks.

Bitcoin has outlived every exchange crisis so far. The real question is whether history repeats this time too. 👀₿

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Mt. Gox 2014 → 12,000% rally BitGrail 2018 → 2,044% FTX 2022 → 686% Bitmex → 10%

Fleeing from the upcoming regulations

One thing worth separating: Mt. Gox and FTX were collapses with customer losses. A voluntary shutdown after 11 years is an exit, not a blowup. Same signal about the cycle, very different mechanism. Still bullish — just for a different reason.

Bitcoin has outlived every exchange so far.

bitmex closing after 11 years is the end of an era - it basically invented the perp that every exchange now runs on. the product outlived the company.

Every Bitcoin cycle has seen major companies come and go, but the network has kept moving forward. History reminds us that exchanges are temporary Bitcoin is the constant. @21_sats has been highlighting this distinction for years.

this cycle could get interesting.

All the scammers, scammer, tokens, scammer projects, scammer platforms, scammer decentralized exchanges will be shaking out before the clarity act goes into law This may be the last chance for the thieves to thief before regulation and prison time.

History doesn't repeat, but it definitely rhymes. Bottom is in!