The recent dip in the cryptocurrency market has caused concern among some investors, but many remain optimistic about the long-term prospects of the market. IMO the market's reaction to the FTX event in the past was severe, leading to a dip in sentiment and liquidity for over two months. However, this dip also provided an opportunity for whales to buy up BTC, which led to a pump to 30k.
The narrative surrounding BTC's role in the banking crisis has also made the bullish case for BTC stronger. I have been accumulating BTC since it dipped to 16k-20k and has been aggressively buying altcoins like DOT, CELR, and GLMR, Will reconsider the strategy if BTC dips below 17k.
protect your capital not to get shaken out at levels where real gains can be made. And please dyor, make a plan based on situation, and remain optimistic.
NFA