The US stock market is fearful at 29°, the A-share market is extremely greedy at 80°, and the cryptocurrency world is extremely fearful at 24°.
During this decline, many altcoins have plummeted below their historical lows.
This is even lower than the 2022 bear market bottom. This hasn't happened in previous bull markets. Perhaps there are simply too many altcoins this time around.
There are too many junk altcoins.
There are too many altcoins with high issuance and continuous unlocking.
In the long run, many altcoins will never reach a bottom, just like EOS. They will continue to fall until they are forgotten by the public.
Investment should still prioritize value coins.
Coins without value will continue to fall even lower in the long term.
$BNB's decline this time wasn't very significant, recovering to over $1,100 after the spike, which is less than the drop in $BTC.
It's likely that its performance will continue to outperform the broader market.
The four-year bull market cycle is almost over.
I plan to gradually take profits before November. Regardless of whether BNB will rise further in the future, I must completely liquidate my holdings before November 10th.
Next year, it's time to take a good rest.
I previously stated: take profits between late Q3 and mid-Q4, meaning between the end of September and mid-November. Because I was always eager to make more money and reap all the gains, I kept pushing the time back.
Now I have to stick to this schedule.
Stay true to our original aspirations and be content with what you have.
In the next bull market, continue to choose core value coins.
Prioritize: Bitcoin, leading platforms, and leading public chains.
Preferably, choose a first-tier platform coin that's close to retail investors' lives, or Bitcoin, which is popular with the wealthy, or the underlying shared blockchain of the cryptocurrency world.
No matter how hyped a coin is, if it lacks practical value,
it will eventually return to zero in the long run.
$ETH #CryptoMarketCorrection
{future}(ETHUSDT)
{future}(BTCUSDT)
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