This week, the cryptocurrency market has been hit by an unprecedented sell-off. From 4 p.m. Friday to 7 a.m. Monday, the value of Bitcoin plummeted by nearly 20%, from a high of $63,356 to $51,026. Ethereum's decline was even more severe, from $3,307 to $2,234, a drop of more than 30%.
This sell-off is not an isolated phenomenon, and global capital markets are also in turmoil. Japan's Nikkei index suffered a heavy blow, with a single-day drop of more than 12% since 1987. Nasdaq futures in the United States were not spared, falling more than 4%, and the VIX volatility index soared 100% in just a few days, and market panic spread.
For cryptocurrency investors, this is undoubtedly a + communication Junyang: 954737157 emotional baptism, with fear, despair and even anger intertwined. Many people had hoped that cryptocurrencies could become a safe haven to hedge against global uncertainty, but the current situation is disappointing.
However, in addition to disappointment, I also deeply realized that every market turmoil breeds new opportunities. Based on more than six years of full-time experience in managing cryptocurrency funds, I am more convinced that finding opportunities in crises is a quality that every investor should possess. Therefore, in the face of the current predicament, we should remain calm, analyze rationally, and seize the upcoming "window of opportunity."
