The downturn in this round of the market encryption

I’d rather see it as the final big shakeout before a real bull market kicks off.

Panic has set in, leverage is being wiped out, liquidations are happening, and the chase-buyers’ positions are changing hands again.

The most疯狂 phase of a bull market usually doesn’t start when everyone’s confidence is at its highest—but rather after a sufficiently painful drop.

If this round has cleared out the leverage that should be cleared and washed out the chips that should be washed out, then the market ahead may end up being more exaggerated than most people currently expect.

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