If BTC really drops to 60,000, the first thing to get liquidated won’t be leveraged positions—it’ll be many people’s “psychological defenses.”
At 90,000 or 80,000, many people say, “If it drops to 60,000, I’ll sell everything I own and buy the dip.” But when the price really wicks down to 60,000, the flood of bad news and panic in the market will only make you wonder, “Is it going to zero?”
Never underestimate the psychological toll of a downturn. In crypto, buying the true bottom has never been about who’s the bravest. It’s about how much cash flow you still have and how much clarity you can hold on to by the time 60,000 arrives.
At 90,000 or 80,000, many people say, “If it drops to 60,000, I’ll sell everything I own and buy the dip.” But when the price really wicks down to 60,000, the flood of bad news and panic in the market will only make you wonder, “Is it going to zero?”
Never underestimate the psychological toll of a downturn. In crypto, buying the true bottom has never been about who’s the bravest. It’s about how much cash flow you still have and how much clarity you can hold on to by the time 60,000 arrives.