Bitcoin's realized losses have officially reached FTX-crash levels, triggering fresh panic across the market. ETF outflows just hit an all-time record of $3.79 billion, and now Jim Cramer has flipped aggressively bearish — mocking $1M predictions and claiming Bitcoin bulls are "due for a full-court press."

Adding fuel to the fire, Bloomberg's Mike McGlone warns that Bitcoin's current structure resembles the 2018 breakdown and could fall as low as $10,000. But while retail fear spikes, insiders are acting differently: Trump-favored Treasury pick Scott Bessent was spotted at a Bitcoin bar, the Winklevoss twins push Zcash and privacy to counter AI, and analysts debate whether market makers are blowing up behind the scenes.

We break down whether this is capitulation… or the bottom before the next massive reversal.

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