Today, Bitcoin prices have dropped significantly: at noon, the price of Bitcoin once fell below $80,000, a drop of nearly 40% compared to the nearly $110,000 peak set on January 20. Bitcoin has fallen about 25% from its historical peak, with the current price around $82,000.
Other cryptocurrencies have also declined: Ethereum's price has dropped to around $2,140, down over 6%; SOL has fallen below $130, down over 7%; Dogecoin's price has dropped to around $0.19, down over 7%.
In this extreme market situation, it is advised for those holding positions that if you think you can withstand this volatility, then continue to hold, but be sure to pay attention to position control. In principle, do not add to your position before seeing a reversal signal, especially for leveraged positions which should be ≤10%, or set a hard stop-loss and strictly follow trading discipline.
If you do not have any positions, then do not rush to act; take a deep breath, calm down, and patiently wait for a reversal signal. If you really can’t control yourself, you might consider doing some staking or engaging in some left-side grid trading, but be sure to control your positions and diversify investment risks.
Cherish this market wave; it may be another opportunity for wealth redistribution. When this wave ends, those with the most cash in hand will be the future kings!!!
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