Are you overwhelmed by the sharp drop in Bitcoin? How Investors View the Bull Market Slump

Are you overwhelmed by the sharp drop in Bitcoin? How do investors view the bull market's plunge? Let's take a look at what market analysts and veteran players think of yesterday's fluctuations.

Spartan Group co-founder: Good time to build a position

Spartan Group co-founder and managing partner Kelvin Koh summed up last night’s plunge 6 comments:

1. Such adjustments are not uncommon in cryptocurrencies. There will be several more such corrections this year as the market climbs.

2. The market will rebound quickly. Capital that has been put aside will be put to use. The fundamentals have not changed. (It has rebounded at the time of writing.)

3. This sell-off will clean up the leverage and positions accumulated in the past few weeks, laying the foundation for the market's next rebound.

Ensuring your portfolio can withstand market fluctuations is crucial. If you want to get out because of a sharp market drop, then you need to take a serious look at your shortcomings in risk management. Even when the market is booming, it can weed out investors with weaker risk tolerance in this way. Therefore, make sure your investment strategy and risk management measures are sound so that you can hold on when the market fluctuates. 5. If you have been on the sidelines so far, this would be a good time to get in. opportunity. BTC will not drop to $42,000.

6. If there are some tokens you want to buy, but the position is not large enough, or you missed the opportunity to buy, this will be a good opportunity to adjust the position size.

QCP Capital: $60,000 forms support

QCP Capital posted on its TG channel that long leverage fell sharply last night, and the notional liquidation amount on Binance alone exceeded $1 billion. . But buying quickly stepped in during the decline, and the $60,000 price band proved to be a good support level.

In addition, the decline reflected strong interest from traders in buying BTC and ETH September to December call options. Meanwhile, ETH is likely to outperform BTC going forward as the ETH spot ETF narrative comes into play.

Andrew Kang, partner of Mechanism Capital: continue to up after several waves of liquidation only

Andrew Kang, partner of Mechanism Capital, posted on the X platform that, regarding There is a reflexive factor in the adjustment of the all-time high price (ATH). The reason people sell is because they see all-time highs always get rejected, and then when that does happen, more people follow suit and sell. Short-term intense liquidity ($1 billion+ day traders) can overwhelm passive liquidity ($500 million+ ETF purchases). But ultimately passive liquidity will prevail.

Nevertheless, the option of holding on to some cash to bid on altcoins during a massive 40%+ drop still has its appeal. After a few more liquidations, then the market will be up only.

CEHV Partner Adam Cochran: Leverage Management and Strategy

CEHV Partner Adam Cochran took advantage of last night’s fluctuations to share his past operating strategies and provide investors with leverage usage strategies. refer to.

“Back when I was a more leveraged enthusiast on Binance and FTX, I would move 25% of my funds into cash on days when the gains were over 10%, in order to survive the Increase my leverage when the red king exceeds 4% (provided I don't think it has hit the top yet). My rule of thumb is that I am only allowed to increase leverage when there are two consecutive red days, and then I must add more than 50% of the net profit The collateral is cashed out and kept in the form of 50% cash and 50% spot."

Senior KOL Woody: Holding is more important than taking

KOL Woody, who is well-known in the Chinese currency circle, is also there Last night, I issued an article to remind investors not to overreact to a sudden plunge in the bull market:

"In bull markets, there are more plunges. Spend less time looking at the market. Holding is more important than holding. Reduce the noise and go out to eat and drink more." It's better than watching the market at home. Most people can't make money through short-term, but they can make money through bull market dividends. There are not many opportunities for yourself to recognize the facts."

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