Let me tell you guys about my positions. I haven't touched my Bitcoin spot holdings, which are up over 20%. When Bitcoin plunged below 79,000, I stopped out of most of my futures positions, giving back about half of my futures profits.
Yesterday saw the largest crypto hack in history, but Bitcoin only dropped 4%. I took the opportunity to open some Bitcoin futures positions.
Unfortunately, yesterday's daily close wasn't great. If the daily candle had been a bullish one with a long lower wick and increased volume, I was planning to open a billion-dollar long position in futures.
Things didn't go as planned. Today's close wasn't great either, so I may need to watch the market more closely next week.
This unexpected event has slowed the bull market's progress, but it isn't enough to change the trend.