The truth of the crypto market: Don’t be FOMO when it goes up, and don’t panic when it goes down

In a bear market, there are more slow declines and more negative declines, while in a bull market, there are more pins. The massive outflow of ETF funds caused Bitcoin to break the strong support of 65,000 in the previous period. 150,000 people just couldn’t hold it, contributing to the liquidation amount of up to 4.3 billion US dollars, 300 small goals, and an average down payment of one Evergrande house per person! When the long-short game range of 70,000 US dollars opened downward, overwhelming negative news also swarmed in, causing the market’s risk aversion to rise sharply, causing most investors to take profits and shrink their accounts. Many people even worry about the emergence of a black swan similar to the 312 incident! ! !

But friends, the 312 incident was an event under a specific macro background, not a callback pin that could cause such a large fluctuation.