Recently, BlackRock and Grayscale have continued to increase BTC spot holdings, demonstrating their confidence in the crypto market.
However, last night the price of BTC plummeted, primarily due to a statement from the Federal Reserve that triggered panic selling in the market, leading many investors to rush to exit, resulting in numerous liquidations and leveraged positions being wiped out. Yet, from a long-term perspective, this drop may only be a correction in a bull market, and the bull market is not over.
If the fundamental state and demand of the crypto market do not fundamentally change, the long-term value remains solid. Therefore, it may be wise for investors to hold onto spot assets and be patient, waiting for the next wave of growth.
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