Another leg down to the $92-93k range should be enough to fl | ONG WEI JUN en Binance Square

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Another leg down to the $92-93k range should be enough to flush out the remaining bulls and complete the correction.
#Bitcoin

Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.

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@xbtavery

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This cycle feels unusual. Why? Normally, the social risk indicator should be near all-time highs by now, signaling widespread retail interest in crypto. Instead, it’s near all-time lows. This suggests that the average retail investor isn’t paying attention to crypto yet. It seems this cycle is being driven primarily by institutional players, leading me to consider two potential scenarios: Scenario 1: There won’t be a broad altseason. Major liquidity will remain concentrated in Bitcoin and a few selected altcoins. Scenario 2: We’re entering an extended supercycle. I’m leaning towards the first scenario. If that’s the case, most investors are in deep trouble. Success will depend on choosing the right coins to invest in. That’s why I consistently stress the importance of focusing on coins with strong price action and an established uptrend. These are the projects most likely to attract significant liquidity and deliver strong returns.

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A strong price action (PA) is the most critical indicator in trading. Take a look at $VELO for example. ✌️

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It’s only a few days into 2025 and the mainstream media is already pushing the narrative of a strong year for stocks. They’re not going to fool me. Time will tell how things really play out. Lol... https://youtu.be/zaUtSyKdIWk?si=U_NZUYt9zEdHFzs5

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This is me if I joined #SquidGame2

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I believe it’s best to focus on official updates from the $VELO core team in the future and not get sidetracked by the unnecessary noise from the marketing team. It feels like the social media marketing team is being run by a group of Gen Z individuals with little experience in the professional corporate world. Even someone as chill as me is getting frustrated with the excessive empty hype they’re creating. That said, this doesn’t shake my conviction in the company.I’m just becoming less excited about future AMAs, that’s all.

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