Trader

Millions

Bitcoin

Time

<p>A trader who goes by the name “xet” posted a devastating thread on X today. He says he has lost millions of dollars and is quitting crypto forever. His message is a loud warning.</p>
<p>He claims Bitcoin will hit $28,000 soon, that liquidity is dead, that influencers are broke, and that the entire crypto game is finished. The thread is raw, emotional, and brutally honest.</p>
<p>But is it a genuine warning or the peak of bear market despair?</p>
<h3 class="wp-block-heading" id="xet-s-warning-we-are-not-even-in-a-bear-market-yet">xet’s Warning: “We Are Not Even in a Bear Market Yet”</h3>
<p>xet starts by explaining his background. He joined crypto during the first bear market many years ago, <a href="https://captainaltcoin.com/is-the-bitcoin-crash-over-claude-ai-and-chatgpt-both-weigh-in/" rel="noopener noreferrer nofollow">when Bitcoin crashed</a> 85% and many altcoins disappeared forever. He experienced the second bear market when FTX and Luna collapsed. But he says this current environment is completely different from the last two bears. He is not even talking about price action — he is talking about the structure of the market itself.</p>
<p>His most striking claim:&nbsp;<strong>“We are not even in a bear market yet btw, BTC will be at 28k soon.”</strong></p>
<p>He argues that crypto’s image and reputation are destroyed. Liquidity is split between too many different sectors. You cannot scroll any social media platform without seeing gambling ads or prediction platforms. Influencers constantly promote gambling, and they do it to get paid, not because they are actually making money trading. He calls them out directly:&nbsp;<strong>“these guys genuinely have NO money. NO MONEY.”</strong></p>
<p>He says degenerate liquidity is now split between 10 prediction platforms, 1,000 gambling websites, and 10,000,000 <a href="https://captainaltcoin.com/meme-coins/" rel="noopener noreferrer nofollow">memecoins</a>. During the last bear market, it was one platform, 100 websites, and 10,000 memecoins. Even if liquidity remained the same, it has now split another 10x. There is no liquidity left to satisfy everyone.</p>
<blockquote class="twitter-tweet">
 <p>i have lost it all ( millions of dollars ) and im quitting crypto forever. all i ask for is 2 minutes of your time before you lose it all as well.<br><br>i joined crypto during the first bear market many years ago, when bitcoin crashed 85% and many alts disappeared forever. back then…</p>— xet (@xet) <a href="https://x.com/xet/status/2068808008478405016?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 21, 2026</a>
</blockquote>
<h3 class="wp-block-heading" id="the-meme-coin-casino-hidden-bundles-and-no-buy-pressure">The Meme Coin Casino: Hidden Bundles and No Buy Pressure</h3>
<p>xet is especially critical of the current meme coin environment. He says he has made tens of 500x and 1000x calls in the past, but what he sees now is just destruction.&nbsp;<strong>“Taking a piss, coming back 5 minutes later and seeing a token at -80% in SECONDS.”</strong>&nbsp;He argues that every token has hidden bundles that nuke 24/7, and there are millions of old tokens. There is simply no liquidity to make everyone happy.</p>
<p>He directs specific criticism at Solana traders:&nbsp;<strong>“You guys really think there will be another run? Who is coming to bid your tokens? Are you absolutely blind?”</strong>&nbsp;He points to Ansem posting about&nbsp;<a href="https://pump.fun/" rel="noopener noreferrer nofollow">pump.fun</a>&nbsp;fees and low market cap tokens as the ultimate top signal for Solana. He acknowledges Ansem pushes real belief, but bundlers won’t listen.</p>
<p>Real community members are out of money because bundlers took everything. Each shill will get less and less eyes.</p>
<p>His conclusion for developers is harsh:&nbsp;<strong>“Legit developers get destroyed because there is no buy pressure after the first 8 hours of a project, while bundlers keep winning because they control the narratives. Real builders get farmed and forgotten.”</strong></p>
<p>His final words:&nbsp;<strong>“The game is finished.”</strong></p>
<p><em><span><strong>Read also: <a href="https://captainaltcoin.com/chatgpt-predicts-bitcoin-price-if-new-u-s-iran-peace-roadmaps-succeed-within-60-days/" rel="noopener noreferrer nofollow">ChatGPT Predicts Bitcoin Price if New U.S.-Iran Peace Roadmaps Succeed Within 60 Days</a></strong></span></em></p>
<h3 class="wp-block-heading" id="our-opinion-frustration-at-the-peak-of-the-bear-market">Our Opinion: Frustration at the Peak of the Bear Market</h3>
<p>xet’s thread is undeniably emotional. He admits he lost millions. That kind of loss changes a person. It is understandable that he sees the market through a lens of pain and frustration. Many of his points are valid: liquidity is fragmented, meme coin launches are predatory, influencers are often broke, and the current environment is brutal for retail traders.</p>
<p>However, we have seen these kinds of “it’s over” posts at the bottom of every bear market. In 2015, people said Bitcoin was dead. In 2018, the same. In 2022, after FTX collapsed, many declared crypto finished. And yet, the market survived and thrived. That does not mean xet is wrong about the current pain, but it does mean his $28,000 Bitcoin call is an extreme view.</p>
<p>The structural issues he points out; liquidity fragmentation, meme coin toxicity, predatory bundlers – are real. The meme coin casino has become a destructive force. But institutional adoption is also real. The CLARITY Act is moving forward. ETF infrastructure is permanent. Solana is still building.</p>
<p>Toss Bank is partnering with Solana for stablecoin remittances. The foundations of the industry are stronger than they were in 2018 or 2022, even if retail sentiment is at rock bottom.</p>
<p>xet’s warning should be taken seriously. The current market is dangerous for retail traders who chase pumps and gamble on meme coins. But his call that t<a href="https://captainaltcoin.com/bitcoin-price-news-btc-faces-a-critical-test-as-etf-outflows-hit-record-levels/" rel="noopener noreferrer nofollow">he Bitcoin price will</a> hit $28,000 and never recover is likely the frustration of someone who lost everything. The market may have more pain ahead; a drop to $55,000 or even $50,000 is possible. But $28,000 would mean a complete collapse of institutional adoption. That seems unlikely.</p>
<p>For traders, the lesson is clear: manage risk, avoid leverage, and do not chase degenerate meme coin pumps. For long-term believers, this is the kind of despair that historically marks the bottom. But as both ChatGPT and Claude <a href="https://captainaltcoin.com/best-ai-crypto-projects/" rel="noopener noreferrer nofollow">AI</a> noted earlier, this is a “bottoming process, not a full recovery.” The game is not finished. But the game has changed.</p>
<h2 class="wp-block-heading" id="faqs">FAQs</h2>
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  <div class="uagb-faq-questions-button uagb-faq-questions"><span></span><span></span><span><strong>Should I sell crypto<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2753.png" alt="❓"></strong></span>
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  <div class="uagb-faq-content">
   <p>If you are a long-term investor with conviction, panic selling at the bottom of a bear market is rarely a good idea. But if you are overleveraged or cannot handle further downside, reducing exposure may be prudent.</p>
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 <div class="wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-50b37f5f ">
  <div class="uagb-faq-questions-button uagb-faq-questions"><span></span><span></span><span><strong>Is it possible for Bitcoin to crash<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2753.png" alt="❓"></strong></span>
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  <div class="uagb-faq-content">
   <p>Yes, Bitcoin can certainly crash further in the short term, as it has already done—dropping over 50% from its peak of about $126,000 in October 2025 to the $60,000 zone. While the worst of the panic selling appears to have passed, a second leg down toward $55,000 or even $50,000 remains possible if macro conditions worsen (sticky inflation, strong dollar, continued ETF outflows). However, a total collapse is unlikely given the permanent institutional infrastructure (spot ETFs, custody rails) and ongoing adoption, though short-term volatility is always a risk.</p>
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<p><em><strong>Subscribe to <a href="https://www.youtube.com/@Captain-Altcoin" rel="noopener noreferrer nofollow">our YouTube channel</a> for daily crypto updates, market insights, and expert analysis.</strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/time-to-sell-crypto-trader-who-lost-millions-warns-bitcoin-will-hit-28k-liquidity-is-dead/" rel="noopener noreferrer nofollow">Time to Sell Crypto? Trader Who Lost Millions Warns: “Bitcoin Will Hit $28K, Liquidity Is Dead”</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Time to Sell Crypto? Trader Who Lost Millions Warns: “Bitcoin Will Hit $28K, Liquidity Is Dead”

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