There is a complete psychological warfare going on. We have seen such chopping in previous cycles in #bitcoin . The market will not take the market up without cleaning out the small investor. The average person's loss-making period is six months. They will clean out many of them in this way.
Many investors are sitting at a loss. They neither buy nor sell. Market Makers buy and sell themselves. There is no difference for them whether Bitcoin is $70,000 or $40,000. They will make the real money after Bitcoin passes the 200K level.
Hold on to your spot assets, do not get involved in short or long. Turn off the screen and do your job.
They will get back the market they gave for 5-6 months in a month.
Those who are patient and hold on to their will will win.
