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Ansem: Retail investors don't need to rush to "catch falling knives"; it's recommended to patiently wait for the bottom to be established.
BlockBeats News, June 6 — Crypto KOL Ansem (@blknoiz06) issued a statement advising ordinary traders to avoid "catching falling knives" during market sharp declines.
Compared to large cash buyers taking advantage of forced sell-offs to build positions, retail traders catching falling knives is akin to standing in front of a steamroller, with extremely high risk. Retail traders should patiently wait for the bottom to be established after panic selling and for higher lows to appear.