Normal Pullbacks in a Bull Market

Many people lack basic trading knowledge

Crypto / Especially Bitcoin's long positions have surged dramatically

The funding rate for long positions has reached a historical high of 66% annualized

The market has collapsed and pulled back

This can be understood as the bow being pulled too tight

The arrow is on the string, and it must be released

Long and short positions are undergoing adjustments

No one can call for Bitcoin to collapse

Is this pullback the end of the short-term trend? I don't know.

What I want to say is that before the drop,

Many people saw the possibility of a decline

And many spoke up after seeing it

But those who really cleared their positions and shorted

Even those who made money on both sides

I don't know many.

Stay calm, if your style is to hold, don't fantasize about swing trading

Only very skilled traders can succeed in swing trading and making money on both sides; most are just showing off small trades and are saying things after the fact

The reason many people lose money

Is because they believe various chaotic surface news

Without thinking about the substance behind price fluctuations

Contract trading is the most challenging job on Earth

If you don't have the skills, just hold spot

It has no impact on spot

And it provides some averaging opportunities

It will rise back in a few days

The bull market is still here

Many people have developed a bear market mentality, and when they see a drop, they feel like it's a bottomless pit. They can't hold on when there's a pullback.

A bull market is actually a healthy process of rising, pulling back, rising, and pulling back.

By the time we react, it’s already too late.

Just like I said in August and September this year, altcoins looked trashy, but in a bull market, everywhere is filled with gold.