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After Bitcoin hit a high of around 91,800 yesterday, it has now fallen back to a low of 86,700, falling another 5,000 points. After Ethereum hit a high of 3,242, it fell back to 3,020, a drop of 220 points. The market has entered a phase of adjustment. In the past 24 hours, more than 170,000 people’s positions have been liquidated, exceeding 500 million US dollars. The bulls have lost more than 300 million US dollars again, plus more than 500 million US dollars a day in the past two days. It is a definite Bitcoin bull market. The large amount of liquidation of the bulls reflects the overheated growth of market sentiment, and appropriate corrections and cleansing are also normal.
Many copycat stocks have basically returned to their previous starting points in this wave. Perhaps this is how risks and returns coexist. If you want to obtain long-term returns of ten times or even a hundred times in the future, you will need to endure countless pullbacks!