The intensity of the washout in this bull market is unprecedented. You can't compare the previous bull market with the current one. The environment and trend of the currency circle have long been different.

The more bloody the washout, the more panicked the retail investors are, and the less they dare to enter the market. Although it is a bull market, it feels like the beginning of a bear market, so many people mistakenly think that it is the end of the bull market.

But listen to me, the Bitcoin ETF has just been passed, and institutions have just started to enter the market. It has only been two months since the Bitcoin halving, and the price has not yet broken through the previous high. The interest rate cut has not yet begun, and the big funds in the market have not yet come in. Now it is only the existing funds plus the funds of the ETF that are supporting it.

The altcoins have not exploded yet, and some people say that the bull market is over. If it is really over, this is not a bull market at all, but just a small wave.

In this situation, you have to hold on. Don't be afraid of FUD, don't think too much, and keep a calm mind. People who bought Bitcoin can play every day for half a year, whether playing games or going out for travel. Anyway, don't check the market frequently and don't communicate too much with people in the currency circle. This is the best strategy for those who can't hold on.