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Bitcoin Hits 7-Month Low at $89K: Red Wojak Group Hug Meme Perfectly Nails Crypto's Collective Pain

Bitcoin Hits 7-Month Low at $89K: Red Wojak Group Hug Meme Perfectly Nails Crypto's Collective Pain

If you're on Crypto Twitter today and feeling a little too seen, you're not alone.

Popular news account @MrWhale just delivered the kind of update nobody wanted to hear – Bitcoin sliding to a seven-month low around $89,301, down 4.3% on the day, with mining stocks absolutely rekt across the board – and paired it with the single most relatable image in the entire meme arsenal.

Group of red-tinted crying Wojaks in a desperate group hug with faded Bitcoin and Ethereum logos and red down arrows in the background

Yeah… that one.

The post blew past 7,600 views in hours because it hit the exact nerve everyone is feeling right now. Coinbase down 4.9%, MicroStrategy down 10.3%, MARA down 6.6%, Bitfarms, Riot, Hut 8 – everything red, everything hurting, and the only thing left to do is pile into one big sad hug and cry it out together.

This particular version of the Wojak hug has become the unofficial mascot of every major crypto drawdown since 2022. You’ve seen the pink IDGAF Wojak in the bull runs, the smug Yes Chad when we're up only, but when the charts go full bloodbath? It's red doomer pile-on time. No words needed – just tears, brotherhood, and the quiet acceptance that we're probably not making it this cycle (until we inevitably do).

The beauty of this specific image is how perfectly it captures the current mood without saying anything at all. No cope, no "just a healthy correction bro," no diamond hands copium – just raw, unfiltered communal despair. And honestly? It's kind of beautiful.

We've all been that Wojak on the left getting crushed in the middle at least once.

Whether this dip is Trump jawboning rates, macro spooking the market, or just good old-fashioned profit-taking after the post-election run, one thing is crystal clear: the timeline is in full group therapy mode today, and the red Wojak hug is the profile picture we all deserve right now.

Hang in there, anons. We'll make it. Probably.

(Original post: https://x.com/MrWhale/status/1991203081854566612)

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