Crypto influencer and YouTuber TechLead (Shyu) released a video revealing he has fully exited all crypto positions. Shyu said Bitcoin's drop from a peak of $120,000 in October last year to below $60,000 this summer — a decline of over 50% — caught him off guard.
I sold all my Bitcoin, and I suffered absolutely massive financial losses. If you’d told me a year ago I’d be saying this on camera, I would have laughed, but this is exactly why I disappeared for a while.
Shyu admitted his core mistake was excessive use of leverage. The crash not only eroded his portfolio but also inflicted severe psychological damage. He warned that what seems like a small miscalculation can sometimes devastate investors.
Liquidity Alarm: Sell-Side Pool Thinner Than 2021
Beyond his personal losses, Shyu highlighted broader liquidity risks. If everyone tries to exit at the same time, he argued, there may not be enough buyers. He described the current sell-side pool as significantly thinner than in 2021, likening the situation to 'skating on thin ice' with many investors still waiting for an exit opportunity.
To illustrate, Shyu referenced the 35,000 Bitcoin being distributed to Mt. Gox creditors and the 850,000 Bitcoin held by MicroStrategy. He suggested these assets could gradually enter the market, pressuring already scarce buy-side liquidity. He framed these comments as personal assessment rather than a formal prediction.
Network Security and Long-Term Uncertainties
Shyu's critique extended to Bitcoin's structural issues. Miners currently sustain the network via newly minted coins and transaction fees, but with about 95% of the total supply already mined, the model's future sustainability is uncertain. Without sufficient fee revenue, mining incentives may weaken over time, he warned.
He also raised concerns about quantum computing risk. As block rewards shrink, maintaining network security becomes more challenging. If transaction fees fail to cover operational costs, miners could shutter operations, ultimately compromising the blockchain's safety.
Despite selling everything, Shyu stated his long-term optimism about blockchain technology remains unchanged. He noted that Bitcoin tends to regain attention each market cycle, and periods of extreme negativity often coincide with market bottoms. However, his short-term losses and concerns about systemic risks drove his decision to exit.