A recent tweet from well-known Binance trader “Tree of Alpha” showed that he remains “firmly long” despite unexpected turmoil in the cryptocurrency market. The sudden correction wiped out about $100 billion from the global market value of cryptocurrencies and caused nearly $500 million worth of orders to be liquidated on derivatives trading platforms. This extreme market volatility may deter some traders from participating in the market as it creates an unfavorable trading environment. However, Tree of Alpha continues to maintain its bullish stance even as most assets return to pre-sell-off price ranges.