London Daily

Focus on the big picture.
Friday, Sep 12, 2025

Was The Recent Bitcoin Crash A Coordinated Attack? 4Chan Insider Claims That It Was

Was The Recent Bitcoin Crash A Coordinated Attack? 4Chan Insider Claims That It Was

Investors are contemplating what next following the market correction, which saw Bitcoin drop as low as $29k.

Many pin the events of yesterday on FUD, whether Elon FUD, China FUD, or OCC FUD. However, an “insider” on anonymous board 4Chan claims it was a coordinated attack by an unnamed firm connected to the Chinese government.

Such claims, without a verifiable source, should definitely be taken with a healthy dose of skepticism. But the post was made 12 hours before markets dumped and did predict the sell-off.

4Chan Insider Gave Fore Warning

This week, news broke of a renewed crackdown on Bitcoin and cryptocurrency by Chinese government agencies. A joint statement released by three industry bodies said financial institutions could not conduct business related to cryptocurrency.

“The group specifically laid into the cryptocurrency’s market massive volatility, saying digital tokens have “no real support value” and prices that are “extremely easy” to manipulate.”

Such stories have become commonplace. Therefore this was dismissed as irrelevant FUD. But, the 4Chan insider claims this was intended as a precursor to the coordinated sell-off that tanked markets yesterday.

“The purpose of today’s press release alongside all the FUD posting is to get BTC as low as it can get before 7am UCT.”

As a side note, the sell-off occurred yesterday at around 13:00 GMT. Even though China geographically spans five different timezones, the country follows a single timezone called China Standard Time (CST), which is +8 hours on GMT/UTC. There is no timezone known as “UCT.”

Things take a sinister turn when the insider explains the purpose of the sell-off was to attack a single stakeholder. Based on the information given, the details would appear to fit Elon Musk.

“First there will be a coordinated sell-off to drop the prices below a certain threshold and liquidate one certain stakeholder (can’t outright say who he is but he bought a lot at the dip he was partly responsible for).

Once liquidated, the plan is to buy up all of the reserves and essentially leave him bankrupted.”

The post then ends with a near-term price prediction of $70k.

So, What’s Next For Bitcoin?

The events of yesterday were a shock for many. While volatility is part and parcel of cryptocurrency, the speed and magnitude of the drop were extreme.

From its recent all-time high of $64k, Bitcoin lost 54% of its value at the height of the sell-off. What’s more, it closed the day below the 200-day moving average (MA), indicating that bears now control the market, leading to dread of a return to crypto winter.

While today sees price trying to push back above the 200-day MA, the sentiment is reading extreme fear.

RSI looks to be curling back upwards after hitting a low of 22.6. March 2020’s “corona-crash” was the last time RSI dipped to similar levels, bottoming around 14.6 at that time.

Although the insider claims a snapback is coming, it remains prudent to proceed with caution.

Source: Was The Recent Bitcoin Crash A Coordinated Attack? 4Chan Insider Claims That It Was – Fintechs.fi

Follow Fintechs.fi on Twitter and Facebook!

Newsletter

Related Articles

0:00
0:00
Close
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
ChatGPT CEO signals policy to alert authorities over suicidal youth after teen’s death
The British legal mafia hit back: Banksy mural of judge beating protester is scrubbed from London court
Surpassing Musk: Larry Ellison becomes the richest man in the world
Embarrassment for Starmer: He fired the ambassador photographed on Epstein’s 'pedophile island'
Manhunt after 'skilled sniper' shot Charlie Kirk. Footage: Suspect running on rooftop during panic
Effective Protest Results: Nepal’s Prime Minister Resigns as Youth-Led Unrest Shakes the Nation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
King Charles and Prince Harry Share First In-Person Moment in 19 Months
Starmer Establishes Economic ‘Budget Board’ to Centralise Policy and Rebuild Business Trust
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Brazilian police say ex-President Bolsonaro had planned to flee to Argentina seeking asylum
Trinidad Leader Applauds U.S. Naval Strike and Advocates Forceful Action Against Traffickers
Kim Jong Un Oversees Final Test of New High-Thrust Solid-Fuel Rocket Engine
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Supreme Court temporarily allows Trump to pause billions in foreign aid
Charlie Sheen says his father, Martin Sheen, turned him in to the police: 'The greatest betrayal possible'
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
Pig Heads Left Outside Multiple Paris Mosques in Outrage-Inducing Acts
Nvidia’s ‘Wow’ Factor Is Fading. The AI chip giant used to beat Wall Street expectations for earnings by a substantial margin. That trajectory is coming down to earth.
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
On the Anniversary of Queen Elizabeth’s Death: Prince Harry Returns to Britain
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Murdoch Family Finalises $3.3 Billion Succession Pact, Ensuring Eldest Son’s Leadership
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Court Staff Cover Up Banksy Image of Judge Beating a Protester
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
Elon Musk Poised to Become First Trillionaire Under Ambitious Tesla Pay Plan
France, at an Impasse, Heads Toward Another Government Collapse
Burning the Minister’s House Helped Protesters to Win Justice: Prabowo Fires Finance Minister in Wake of Indonesia Protests
Brazil Braces for Fallout from Bolsonaro Trial by corrupted judge
The Country That Got Too Rich? Public Spending Dominates Norway Election
Nearly 40 Years Later: Nike Changes the Legendary Slogan Just Do It
Generations Born After 1939 Unlikely to Reach Age One Hundred, New Study Finds
End to a four-year manhunt in New Zealand: the father who abducted his children to the forests was killed, the three siblings were found
Germany Suspends Debt Rules, Funnels €500 Billion Toward Military and Proxy War Strategy
EU Prepares for War
BMW Eyes Growth in China with New All‑Electric Neue Klasse Lineup
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
US Justice Department Launches Criminal Mortgage-Fraud Probe into Federal Reserve Governor Lisa Cook
Escalating Drug Trafficking and Violence in Latin America: A Growing Crisis
US and Taiwanese Defence Officials Held Secret Talks in Alaska
Report: Secret SEAL Team 6 Mission in North Korea Ordered by Trump in 2019 Ended in Failure
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
×