We have found the reason for the sudden drop in prices late at night
The cryptocurrency market is no longer an independent financial product, but one of many financial products. When gold, US stocks, and Bitcoin all surged at the same time, this market is not far from the crisis.
After setting a new historical high, Bitcoin experienced a waterfall in less than a minute. The fundamental reason for this is the decline in the US stock market, especially in technology blue chips, which is the root cause. As for the ancient giant whales selling, this is not the fundamental reason, and they are not selling at 69000, but around 67000.
I believe this is not the first waterfall of this year. There will be N more waterfalls waiting later this year, and there must be much larger ones.
If retail investors want to remain unaffected in this calm market, they must learn position management. Otherwise, doubling $100000 is no different from losing 50% of $200000. The only difference is that their mentality is bad.
Both spot and contract require a position management plan. If you don't know how to do it, you can talk to an assistant.
