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Bitcoin is dropping significantly again. It has recovered to around $74,000, but looking at recent price movements, there’s a sense of a sharp decline similar to when FTX collapsed. That time, it dropped rapidly, and this time, the decline seems to be comparable in magnitude.
Honestly, many people probably thought it was too early for such a situation to occur. But from a business perspective, these kinds of correction phases are also part of the market. When looking at the charts, it might be necessary to keep in mind the possibility of falling below $60,000.
For now, it’s still unclear how far it will drop, but it’s important to stay calm and observe the market carefully during times like this. There will surely be opportunities for a rebound after a major decline.