I personally believe so.
I think that the markets have turned quite bearish, especially with ETH dropping faster than BTC in the past day which is definitely not a great sign for everyone involved in DeFi and Metaverse projects that are using ETH as a basis.
Deleverage and derisk is my mantra right now and I think that most people should do the same - you shouldn't be putting money into any margin positions, no matter how high your conviction is, because alts can stay undervalued longer than you can stay solvent.
I think that the markets have turned quite bearish, especially with ETH dropping faster than BTC in the past day which is definitely not a great sign for everyone involved in DeFi and Metaverse projects that are using ETH as a basis.
Deleverage and derisk is my mantra right now and I think that most people should do the same - you shouldn't be putting money into any margin positions, no matter how high your conviction is, because alts can stay undervalued longer than you can stay solvent.
Yes as Bitcoin falls down to 41k now https://coinmarketcap.com/currencies/bitcoin/ i think this is a clear message that we are entering a Bearish market and we will see more of this, as i am looking for at least 20k level as i will surely enjoy buying more like what i missed back in 2020
but this time with funds inside my pocket that is ready for season like that.
Yes, good luck, I do not hesitate to say that we have definitely passed the bear period. As of now and for 20 days, everything is red!! Do you think this may have happened?
I believe this is still just a correction. Indeed, it is quite disturbing, but I believe that we are in an uptrend all the time. In fact, only the largest coins dropped prices. The prices of many alctoins are rising all the time, so maybe this is the beginning of the altcoin season..(?)
No this is a sign of bearishness and wait till you believe in the following days.