The recent drops can be summed up in three simple points: Japan is about to raise interest rates, making the yen suddenly unattractive. The big funds that used to borrow yen to speculate on crypto have all exited, and their exit crashed the entire market. It's exactly the same as what happened in October this year—same old trick. Last month, 13 ministries in the Red Country held another meeting to reiterate "crypto is illegal." Although it's the same old story, it happened when the market was already shaky, instantly scaring away all Asian buyers. American retail investors panicked too. Everyone dumped spot holdings on Coinbase, leveraged traders got liquidated en masse, tens of billions of dollars evaporated, creating a vicious cycle and a sharp plunge. In short: there's no new bad news, it's just that the money suddenly stopped playing, leverage was high, and one misstep crashed the whole thing. What should you do now? Here are four straightforward tips: If you have open contracts, close them ASAP; don’t add more margin. If you’re holding a lot of coins, sell 30%-50% for USDT to catch your breath. Don’t tough it out—survival is more important than blind faith. If you really want to buy the dip, wait a few days to see if Bitcoin can stabilize around 82,000-85,000, then buy in small batches—don’t go all-in at once. If you’re inexperienced, just stick with Bitcoin and Ethereum. Don’t touch those crap altcoins that dropped 50%—they could go to zero. If you get through this wave, there’s a good chance of a strong rebound ahead. Don’t panic, and don’t get greedy. Protecting your principal is the most important thing. If you’re not sure what to do with the coins you’re holding, just tell me—I’ll take a look for you.
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#加密市场回调
The recent drops can be summed up in three simple points:
Japan is about to raise interest rates, making the yen suddenly unattractive. The big funds that used to borrow yen to speculate on crypto have all exited, and their exit crashed the entire market.
It's exactly the same as what happened in October this year—same old trick. Last month, 13 ministries in the Red Country held another meeting to reiterate "crypto is illegal." Although it's the same old story, it happened when the market was already shaky, instantly scaring away all Asian buyers.
American retail investors panicked too. Everyone dumped spot holdings on Coinbase, leveraged traders got liquidated en masse, tens of billions of dollars evaporated, creating a vicious cycle and a sharp plunge.
In short: there's no new bad news, it's just that the money suddenly stopped playing, leverage was high, and one misstep crashed the whole thing.
What should you do now?
Here are four straightforward tips: If you have open contracts, close them ASAP; don’t add more margin.
If you’re holding a lot of coins, sell 30%-50% for USDT to catch your breath. Don’t tough it out—survival is more important than blind faith.
If you really want to buy the dip, wait a few days to see if Bitcoin can stabilize around 82,000-85,000, then buy in small batches—don’t go all-in at once.
If you’re inexperienced, just stick with Bitcoin and Ethereum. Don’t touch those crap altcoins that dropped 50%—they could go to zero. If you get through this wave, there’s a good chance of a strong rebound ahead.
Don’t panic, and don’t get greedy. Protecting your principal is the most important thing. If you’re not sure what to do with the coins you’re holding, just tell me—I’ll take a look for you.