[Why did Bitcoin plummet? Spartan partner Kelvin Koh analyzes last night’s cryptocurrency market sell-off]
As reported by Wu Shuo, Spartan partner Kelvin Koh had some thoughts on last night’s cryptocurrency market sell-off: Such declines are not uncommon in the cryptocurrency field, and as the market rises, it is expected to see similar situations many times; the fundamentals are not Changes, the market will rebound quickly, and funds on the sidelines will be put into use; this sell-off has cleared the leverage and open positions accumulated in the past few weeks, laying the foundation for the next stage of the market's rebound; investors' portfolios need to withstand Stay away from sell-offs like this; Bitcoin is not going to drop to $42,000; now is the time to adjust your positions to the right size.