Everyone is currently feeling the pressure of the spot market. Bitcoin has not yet bottomed out, causing the altcoin market to be in a wait-and-see state and not daring to intervene easily. In this round of decline, Bitcoin's decline is particularly severe, and altcoins follow the decline, and the situation is even more tragic.
In order to maintain profitability in the long term, it is recommended to consider using 10% of the entry funds for contract trading and use 10x leverage to diversify the risk of capital withdrawal or profit decline.
At the same time, there is no need to be discouraged for those who are still persisting in the market. By comparing several large-scale short-side attacks in history, we can find that although the current decline seems fierce, it is actually just a downward cycle in this round of bull market. The general election at the end of this year and the expected interest rate cuts may bring new hot money to the market, and the market will regain liquidity and vitality.
Therefore, for those who already hold spot, there is no need to panic too much. The mainstream targets you invest in still have great potential in the future, which can not only help you return to profitability, but also have the opportunity to gain more benefits. The important thing is to stay calm, maintain confidence in the market, and take appropriate risk management measures.