Bitcoin hit a low of $94,000 this morning, its lowest level since early May, triggering a period of "extreme panic" in the market. As of this writing, BTC has rebounded above $96,000, with the community debating whether this is a bear market or a healthy correction.
Against this backdrop, Haseeb Qureshi, a partner at Dragonfly Capital, made a relaxed statement on X on the 14th: "This is the most relaxed bear market I've ever seen," urging investors not to be overly tense.
Honestly, this is probably the easiest bear market I've ever experienced.
It seems many people have forgotten what 2022 was like. Luna crashed, then 3AC, then FTX, then Genesis, BlockFi, Axie, NFT—basically everything collapsed like House of Cards.
Then, after all of that collapsed, even the banks started to fall, stablecoins were decoupled, and Gary Gensler and the president wanted to liquidate almost all the companies in the entire industry—at that point, I really wasn't sure what would be left in the crypto space.
In comparison? This is a piece of cake now.
Prices are falling? Yes, whatever. The fundamentals remain incredibly strong. The cryptocurrency system continues to function.
So chill, grab a bite. Focus. Lock in.
We'll be fine.
Investors' next step: Positioning amidst market volatility.
Indeed, compared to the collapse in 2022, the current situation is relatively stable, and there are not many projects that have collapsed in a way that could shake the entire ecosystem.
However, global risks remain influenced by the direction of US interest rates and the policies of the Trump administration. During market downturns, investors should return to project fundamentals, assessing technology implementation and cash flow, rather than chasing short-term fluctuations.
For long-term positions, the current correction may also provide a window for reconfiguration and lowering average costs, as always, DYOR.
