Why Bitcoin’s Bloodbath Is Just Getting Started

I don’t trade Bitcoin the way most people do. I don’t buy and hold it, and I don’t post about it on social media. 

But when Bitcoin hit a trap that had traders scrambling, I saw an opening — and I acted.

I executed a bearish put spread on the BlackRock Bitcoin ETF (IBIT), buying the $41.50 put and selling the $39.50 put for 70 cents. 

The trade delivered a 50% return in less than a day. It was fast, clean and defined risk.

In hindsight, I could’ve squeezed more out of it, but it was still the fastest 50% I booked all year. I’ll take that. 

Why the Damage Won’t Stop at Bitcoin

Bitcoin is unique — unlike gold, silver or copper, it doesn’t have industrial demand or historical anchors. 

When it unravels, the ripple effect hits the entire crypto ecosystem. 

Companies linked to Bitcoin, like MicroStrategy (MSTR) and crypto-adjacent stocks, are at risk of sharp moves.

This isn’t a minor pullback — it has the potential to affect the wider market, and disciplined traders should account for that.

Why BlackRock Got Involved — and Why That Matters Now

There’s another angle people keep missing.

BlackRock’s IBIT ETF wasn’t a vote of confidence in Bitcoin. 

It was a response to customer demand. 

That’s why IBIT exists. Not because it’s a brilliant long-term investment, but because the market was hungry for a product that gave them access.

Now sentiment is turning, outflows could intensify and the cracks may spread beyond Bitcoin itself.

Now, I’m not calling for Bitcoin to vanish.

I’m just saying the next leg lower is closer than most expect and positioning now matters more than ever.

Trade well,

Jack Carter
Jack Carter Trading 

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Important Note: No one from the ProsperityPub team or Jack Carter Trading will ever contact you directly on Telegram. 

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

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Source: Initial Public Offerings: Updated Statistics; University of Florida, 2025

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