Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks
Although the possibility now is remote, there's still possibility that it could happen, there are so many surprising circumstances that are not within our reach, like what happen last March when the news of pandemic was announced and nobody expects a pandemic to happen this year,
in a volatile market nothing is impossible.