Author: Alex Liu, Foresight News
In the early hours of December 20th, the market's reaction to the Federal Reserve's "hawkish" delay in rate cuts the previous day expanded, and the Altcoin market plunged, with Bitcoin falling to a low of below 96,000 USDT, and Ethereum even falling from its high of 3,900 USDT on the 19th to 3,322 USDT. The violent fluctuations caused over $100 million in 24-hour contract liquidations across the network, with Altcoins generally suffering even more severe declines.
The feast is over, and is it my turn to pay the bill this time? Should I sell to escape the top or be bold and buy the dips? Don't panic, let's see what the top traders and investors have to say.
Well-known investor, Placeholder partner Chris Burniske
Firmly long - this is just a "little fool's punch", it's still early in the cycle.
If you're angry with yourself for not selling before the FOMC turned hawkish and caused the pullback, remember that you have almost no edge in predicting the market's reaction, and view it as an opportunity to take it slow. Don't overtrade. In the long run, as long as you have patience, you'll be fine.
The VC who became famous for buying the dips in Solana, SOL Big Brain
Well-known trader DonAlt
The Bitcoin chart is not bearish (for now), even if another leg appears on the chart (a typical pattern like this), I'm not bearish.
I think if we go to $90,000, it will cause a lot of Altcoin liquidations, providing a very good buying opportunity.
But I'm not sure if that will happen, the sentiment is already very "bearish".
I still think the last leg of the bull market is missing, it hasn't gotten crazy enough yet, it seems like a bit of a waste of a perfectly good powder keg for the US government to orchestrate it.
Personally, I'm not panicked at all, but maybe I'm just complacent.
Well-known KOL KALEO
Trader Adam
Top trader Saint Pump
If the Bitcoin structure breaks down, I predict buy-side will reappear around $90,000. It may even drop all the way to $85,000 in pure panic. Altcoins will completely collapse.
Suitable buy-in prices for ETH will be $3,000, $2,900, and for SOL it will be $160.
Well-known Solana Meme Shill King Ansem
Bonus: Top trader Eugene Ng Ah Sio
A few hours ago, Eugene Ng Ah Sio had posted an explanation of why he was bullish on the SOL price of 208 USDT, and said he had adjusted his MEME position to SOL (his individual positions are usually in the range of several million to tens of millions of dollars). In this latest dip, SOL has fallen below 190 USDT at its lowest.
