Will it drop further? What should we focus on?
We can focus on the market trends after the US stock market opens tonight to see if it will continue to drop significantly or even trigger a "circuit breaker." This will directly affect the price of Bitcoin.
Additionally, we should consider the data from Bitcoin spot ETFs. If the ETFs continue to experience "net outflows" (more selling than buying), it indicates that capital is moving to the US stock market. According to the latest data, Bitcoin spot ETFs have indeed seen net outflows over the past two days. If this continues, Bitcoin may face another drop.
Finally, there's market sentiment. If the US economy continues to worsen (e.g., increasing inflation, banking issues), market panic may persist, leading to further sell-offs of high-risk assets. In the short term, both the US stock market and Bitcoin could experience significant pressure.
Don't rush to buy the dip; don't exhaust all your resources at once. At least keep 10% of your position to guard against extreme black swan events in the market.
