Don't panic! Listen to what they have to say.
Written by: Alex Liu, Foresight News
On December 20th, the market reacted to the previous day's 'dove' statement by the Fed, and the crypto market plunged, with Bitcoin dropping below 96,000 USDT, while Ethereum fell from a high of 3,900 USDT on the morning of the 19th to 3,322 USDT. The violent fluctuations caused the total liquidation across the network to exceed $1 billion in 24 hours, with altcoins suffering even more severe losses.
The feast is over, am I paying again this time? Should I sell to escape the peak or boldly buy the dip? Don't panic, see what top traders and investors have to say.
Famous investor, Placeholder partner Chris Burniske
Firmly bullish — this is just a 'small fool's punch', and it's still early in this cycle.
If you're angry with yourself for not selling before the correction caused by the FOMC's hawkish stance, remember that you have almost no advantage in predicting market reactions and consider it an opportunity to take your time. Don't overtrade. In the long run, as long as you have patience, you'll be fine.
The VC who became famous for bottom-fishing Solana, SOL Big Brain
Famous trader DonAlt
The Bitcoin chart is not bearish (for now), even if another leg appears on the chart (a typical case of similar trends), it is still not bearish.
I think if we go to $90,000, it will cause a massive liquidation of altcoins, providing a very good buying opportunity.
But I'm not sure if that will happen; the sentiment is already very 'bearish'.
Still believe that the last stop of the bull market is missing; it hasn't become crazy enough, and it seems that the way the U.S. government is facilitating it feels like a huge waste of a ready-made powder keg.
Personally, I'm not panicking at all, but maybe I'm complacent.
Famous KOL KALEO
Trader Adam
Top trader Saint Pump
If the Bitcoin structure breaks down, I predict buying will reappear at 90,000. In pure panic, it could drop all the way to $85,000. Altcoins will completely collapse.
The suitable buying prices for ETH would be 3000, 2900, while for SOL it would be 160.
Famous Solana meme trader Ansem
Easter egg: Top trader Eugene Ng Ah Sio
A few hours ago, Eugene Ng Ah Sio posted an explanation of why he is optimistic about SOL at a price of 208 USDT, and stated that he has adjusted his meme position to SOL (his single position usually ranges from several million to tens of millions of dollars). During this wave of decline, SOL fell below 190 USDT.
