The sentiment is somewhere in the middle of a green position for crypto this Sunday. It does not stop the frivolous bound of the bear this month. Lately all you can do is learn and stay on your corner to control the loss. It is an inevitable effect the financial system has to go through when there is over leverage and all market are connected.
It is almost impossible to shield yourself from the price of inflation. It is everywhere. Even production cannot drop it like yesterday. Slowly we might come out of it in a year or less. While inflation is rampant not everyone feel it the same. This is how the world has been for a long time. Crypto just brings the attention to the mainstream for all newbie with an eye of seeking will see the changes clearer.
Today BTC mounts a comeback from $19k and tomorrow will prove if June will be as terrible even more as May. We have less than two weeks to see the trend.
I was reading the notion put out by Mister Wonderful about some whales overleveraged the market putting pressure on liquidity where the flow just broke apart. I do not wish any calamity but this could be the result of that effect.
While he mention that theorem it brings crypto back to a playing field for everyone. The question that keep on captivating the market: Is it the bottom yet? The price is right even at $20k/BTC. Let's assume it remains steady around that value. I saw earlier the daily vollume jumped over $100 billion it shows the appetite for crypto remains strong despite the freefall in value.
Sooner or later crypto could easily jump from the main street to whale street taking advantage of the drop. Usually crypto is open to anyone, soon it could be forced to everyone, making it possible to see crypto to rise where it maybe difficult to newbie.
After all it is an asset class with no middle men.
I think this year stands to reckon with the beginning of crypto to a new incoming adventure.
I do not hear $100k/BTC anymore. I think it will just happen. Crypto will be soon moving to the power of the market. Overleveraged whales are hurting but they are whales with enough to rebound.
I did lose like everyone else. As long as I do not sell for no reason I am fine.
I have been around 2017, 2019-2021. The lesson learned gratified clearly what is next. We are an animal of habit. Things will repeat since crypto offers great return with positive volatility.
Hope you can hold and prepare for the crypto verse to get up again.
This is why a token like #Hive can preach the value of crypto with a strong community. You earn but you need to count your earning and put it to work.
Do you know when Hive will reach $3 again ? That is a long story to follow
You tell me in the comment what you think.
One thing is vital, keep holding and keep vesting in you