Author: Alex Liu, Foresight News
In the early morning of December 20, the market reacted to the previous day's Federal Reserve 'hawkish' delay in interest rate cuts, and the crypto market plunged, with Bitcoin falling to below 96,000 USDT, while Ethereum dropped from a high of 3,900 USDT early on the 19th to 3,322 USDT. The drastic volatility caused over $1 billion in liquidations across the network in 24 hours, with altcoins experiencing even more severe declines.
The feast is over, am I paying again this time? Should I sell to escape the peak or boldly buy the dip? Don't panic, let's see what top traders and investors are saying.
Famous investor, Placeholder partner Chris Burniske
Firmly bullish - this is just a 'little fool's punch', there's still a long way to go before this cycle ends.
If you are angry with yourself for not selling before the FOMC hawkishness caused a pullback, remember that you have almost no edge in predicting market reactions and view it as an opportunity to take your time. Don’t overtrade. In the long run, as long as you are patient, you will be fine.
The VC who rose to fame by bottom buying Solana, SOL Big Brain
Famous trader DonAlt
The Bitcoin chart does not look bearish (for now), even if another leg appears on the chart (typical situations of similar trends), it still doesn't look bearish.
I believe that if we reach $90,000, it will cause a massive liquidation of altcoins, providing a very good buying opportunity.
But it's uncertain whether that will happen; sentiment is already very 'bearish'.
Still believe the last stop of the bull market is missing; it hasn't become crazy enough yet. It seems like the way the US government is facilitating this feels like a huge waste of a ready-made powder keg.
Personally, I'm not panicking at all, but maybe I'm being complacent.
Famous KOL KALEO
Trader Adam
Top trader Saint Pump
If Bitcoin's structure breaks down, I predict buying will reappear at $90,000. In pure panic, it might drop all the way to $85,000. Altcoins will completely crash.
The suitable buying prices for ETH would be $3000, $2900, while for SOL it would be $160.
Famous Solana meme caller Ansem
Easter egg: Top trader Eugene Ng Ah Sio
A few hours ago, Eugene Ng Ah Sio posted explaining why he is optimistic about SOL at the price of 208 USDT and mentioned that he had adjusted his meme position to SOL (his individual position usually ranges from several million to tens of millions of dollars). In this wave of decline, SOL fell to below 190 USDT.
