📢📢Blockchain News Flash! Andrew Kang, co-founder and partner of Mechanism Capital, warned on the X platform that Bitcoin may face a serious risk of falling! 😱😱

Kang said that most market participants do not realize the severity of the possible decline in Bitcoin's 4-month volatility range. He pointed out that the current situation is similar to the range in May 2021, when Bitcoin and altcoins also experienced a parabolic rise. This time, the leverage of cryptocurrencies above $50 billion is also close to the historical high. 📈📈

However, Kang warned that our range is longer (18 weeks vs. 13 weeks) and there has not been an extreme washout, which we have experienced several times during the 2020-2021 bull market. His initial estimate of a low of $50,000 may be too conservative, and we may see a more extreme pullback to the $40,000 range. 📉📉

Such a pullback could cause considerable damage to the market and may require several months of shock/downtrend (recovery period) before a reversal of the upward trend may occur. Despite this, we remain optimistic about Bitcoin's long-term prospects! 💪💪