A sharp drop in Bitcoin’s price shocked many 😮, especially given the lack of new fundamental reasons that would justify a move of this magnitude. I’ve seen this pattern more than once. After a long rally, the market gets “tired,” and strong players take advantage of it.

A structural weakness of the market remains. Liquidity in exchange order books is limited 📊. A lot of new short- and mid-term investors entered Bitcoin via ETFs. When panic kicks in, they start selling, and those flows hit relatively thin order books, amplifying the decline.

The key question is simple. Do you really believe Bitcoin is finished? 🤔
I don’t.

If that’s the case, current levels look interesting for long-term exposure without leverage 🧘‍♂️. Price is already approaching the mining cost zone ⛏️. Historically, this has been an area of interest for long-term investors. The world’s largest companies continue to accumulate Bitcoin with a long-term horizon 🏦. Bitcoin isn’t going anywhere. In the long run, the US dollar keeps losing purchasing power 💵➡️📉, which means asset prices rise at least in line with inflation 📈.

As for me, I’m holding my position 💪. My leverage was below 2. If the decline continues, I’ll reduce part of the position.

Wishing everyone a crypto-positive day 🛋!

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💬@CryptoHylos ⚡️ Boost