The market correcting after a strong month of Bitcoin gains is normal. If you are worried about whether we have entered a downtrend cycle, here are a few reasons why you should be more bullish:

- On the 10th, there was up to $1.7 billion liquidated, a record number in recent years. The excessively high leverage ratio necessitates a large liquidation event to rebalance the funding rate (a large positive funding rate means everyone is very FOMOing and long positions are dominant).

- Margin calls on borrowed positions.

This is actually good for the market that is in a high FOMO phase; it needs to accumulate to continue growing.

I remain bullish on the market in the near future. This is the time to stick to your plan and not panic sell. Ignore your portfolio, and if you still have cash, buy more of the coins I recommend; most have returned to good entry points.

It would be a pity to lose assets at this moment. I will observe when the market officially enters an uptrend and will inform you of the time to exit. For now, just enjoy 💪