As an experienced investor, I feel compelled to issue a word of caution to everyone in the market. Currently, contract positions have reached record highs, while Bitcoin approaches a critical psychological resistance zone. This combination creates a heightened risk of a sharp market correction. If you’ve been through market cycles before, particularly the bull run of 2021, this setup will feel all too familiar. Such conditions can spark a cascade of rapid declines, leaving unprepared traders exposed to significant losses.
I still remember September 7, 2021, vividly. Bitcoin plummeted 10% in just 15 minutes, triggering a domino effect that saw many altcoins lose over 20% within the hour. In that single evening, the gains I had built up since May 19 of that year—nearly a million dollars—were wiped out. It was a harsh but valuable lesson about the extreme volatility of crypto markets.
Let this serve as a reminder: stay vigilant, manage your risk effectively, and never underestimate how quickly the market can turn.
