Right now, those rushing to catch the bottom,
I think it's not bravery,
it's more about the fear of missing out.
The worst part about this kind of market is that,
it’ll bounce a little,
making a bunch of people start to fantasize: have we already passed the worst?
But to be honest,
I have zero interest in buying into this fantasy right now.
BTC is hovering around 61.5K,
looks like it’s catching its breath.
But the problem is, a lot of folks are just looking at the price,
not checking if the cash is really coming back.
Previously, BTC ETF has seen continuous outflows for 13 trading days,
accumulating about 4.4 billion dollars.
The latest little bit of inflow is only around 3.05 million.
What does 3.05 million mean?
It’s not a comeback,
more like a person losing blood fast, who just slapped on a Band-Aid.
So the scariest thing here is not the drop.
It’s that some people are starting to misinterpret "not that bad" as "it’s about to reverse."
My stance today is pretty direct:
I’m not chasing this kind of bounce.
If you want me to miss out on a small move, I can accept that.
But don’t expect me to lift a market that hasn’t even turned bullish yet, just for a shot in the dark.
I’m not that easily fooled.
Many people don’t die in a crash,
they die in the first wave that looks like an opportunity.
If you want to dip your toes here, go ahead.
But at least admit one thing:
you’re not buying confirmation,
you’re buying hope.
I think it's not bravery,
it's more about the fear of missing out.
The worst part about this kind of market is that,
it’ll bounce a little,
making a bunch of people start to fantasize: have we already passed the worst?
But to be honest,
I have zero interest in buying into this fantasy right now.
BTC is hovering around 61.5K,
looks like it’s catching its breath.
But the problem is, a lot of folks are just looking at the price,
not checking if the cash is really coming back.
Previously, BTC ETF has seen continuous outflows for 13 trading days,
accumulating about 4.4 billion dollars.
The latest little bit of inflow is only around 3.05 million.
What does 3.05 million mean?
It’s not a comeback,
more like a person losing blood fast, who just slapped on a Band-Aid.
So the scariest thing here is not the drop.
It’s that some people are starting to misinterpret "not that bad" as "it’s about to reverse."
My stance today is pretty direct:
I’m not chasing this kind of bounce.
If you want me to miss out on a small move, I can accept that.
But don’t expect me to lift a market that hasn’t even turned bullish yet, just for a shot in the dark.
I’m not that easily fooled.
Many people don’t die in a crash,
they die in the first wave that looks like an opportunity.
If you want to dip your toes here, go ahead.
But at least admit one thing:
you’re not buying confirmation,
you’re buying hope.