Now there is a fear of investors in the market. Bitcoin has lost over 50% of its ATH since its recent drop, the fear index hit 13, and even altcoins that have held up well on this downtrend like NEAR, LINK, LUNA, FTM have also lost value. Short positions increase Everyone is in a panic, many fix losses and sell....
Does this mean that we have felt the bottom and there will be a rebound soon? Is it time to buy?
Basically this means a stressful days for huge numbers of traders who remained waiting for so long, and yet fears comes in with the market. All those things is a great factors to consider buying but a case to case basis because more people have been playing so dumb with it. Specially the whales have been taking their steps now, when you panic sell their buying powers is already prepared to take it confidently. So the best options if you have your holdings with is to hold it and hold until another bounce comes back.