If you only look at Bitcoin price drops and panic sell, you will miss 10x - 30x opportunities this year! Here's why:
Bitcoin's deepest drop was only -8% in the past few days, but altcoins dropped much deeper. This caused many people to panic and sell off their altcoins. In fact, funds continue to accumulate and this is essential for long-term growth.
According to on-chain data from CryptoQuant, Whales bought up to $1.4 billion in Bitcoin in just 2 days. While Spot Bitcoin ETF has had 19 consecutive days of receiving money inflows!
This shows that the "big boys" are still very bullish on the crypto market by accumulating Bitcoin first and just waiting for the right time to push altcoin prices up. This is a pattern that has occurred in previous cycles. Therefore, current altcoin corrections can be a huge "Bear Trap", causing retail investors to sell their altcoins or liquidate all traders who have opened Long Positions.
The market is still in an uptrend! Research good tokens with suitable valuations to accumulate more, altcoin season can start in the next few months and help altcoin prices increase 10x - 30x in a short time!
