The recent crypto market pullback has triggered $900 million in leveraged liquidations, with Bitcoin's 12% decline from its all-time high sparking concerns about potential further downside risks.
Analysts suggest this correction is relatively mild, with some predicting a retest of $100,000 for Bitcoin and $4,000 for Ethereum. To navigate this volatility, consider :
• Risk Management: Set stop-loss orders and avoid excessive leverage to limit potential losses.
• Diversification: Spread investments across different cryptocurrencies to reduce portfolio risk.
• Long-term Perspective: Focus on fundamental analysis and long-term growth potential rather than short-term price swings.
• Staying Informed: Keep up-to-date with credible market analysis and expert opinions.
