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In the “Bear Market Screaming Therapy Group” on Telegram, members are only allowed to post voice notes of themselves screaming. Anything else will result in an instant ban from the group, which currently has about 75 members. It’s yet another bloodbath on Satoshi Street. As of press time, Bitcoin (BTC) and the broader cryptocurrency market have corrected another 10 percent amid a massive sell-off. Ethereum (EHT) is down a staggering 15 percent moving close to $1,000, down more than 42 percent on the weekly chart. ‘Ban’ on Telegram The group’s featured image is of a Pepe frog yelling, often referred to as the “REEEEEEE” meme. Pepe the Frog was created back in 2005 by Matt Furie and has since become an internet symbol for meme culture and “degen” culture. Just at this time, Bitcoin and the broader crypto market have dropped to new 2022 lows. The Bitcoin price has tanked 10 percent dropping to $20,000. On the other hand, the altcoin space is witnessing even more brutal correction. Bitcoin has dropped nearly 60 percent year-to-date and more than 70 percent since its all-time high in November 2021.
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