As an experienced investor, I feel it's important to issue a cautionary note to everyone in the market. Currently, contract positions have reached unprecedented levels, while Bitcoin edges closer to a critical psychological resistance zone. This setup significantly increases the likelihood of a sharp correction. If you’ve witnessed market cycles before, particularly the bull run of 2021, this scenario should sound familiar. These conditions can trigger a domino effect of rapid declines, and being caught unprepared could lead to significant losses.
I still vividly recall the events of September 7, 2021, when Bitcoin nosedived by 10% in just 15 minutes. Within the hour, many altcoins plummeted over 20%, wiping out vast fortunes in a matter of moments. Personally, the gains I had built up—nearly a million dollars since May 19 of that year—were erased overnight. These moments serve as stark reminders of the market's volatility. Stay vigilant, manage your risks wisely, and never underestimate the speed at which the tide can turn in crypto markets.
