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Today $BTC $80,294, -1.59%.
The long-short ratio of big players is 0.70, and the funding rate is negative — smart money is all bearish.
The atmosphere in the group is as green as the candlestick chart.
Some are cursing the market makers, some are shouting to run, and some are sharing liquidation screenshots seeking comfort.
Thinking of March 12, 2020.
BTC dropped 50% in one day, and the entire market seemed drained of blood.
I have a friend who bought the bottom that day.
Not because he was brave, but because he had been out of the market for three months.
He said: "I don’t know where the bottom is, but I know this isn’t the top."
Later, BTC multiplied tenfold.
Every big drop in the market filters out a group of people and creates another.
The only difference is: are you panicking watching the candlestick chart, or calculating based on the price?
Now, the people cursing and the ones patting their backs in the future are often the same.