According to Mars Finance, market sources indicate that Vida, founder of Equation News, posted on his personal channel that he has increased his BTC holdings as a long-term investment and also increased his holdings of a small-cap meme coin for short-term speculation over the next few months. Vida stated that he is bullish on the crypto market's performance in the coming months because he believes the US stock market won't fall too drastically. He believes the current crypto market decline is somewhat excessive panic. BTC is currently supported by the 1-week Supertrend indicator, which is arguably the most effective support level in this bull market. The Altcoin market is currently experiencing excessive panic, and buying during periods of extreme panic often yields higher success rates.
The founder of Equation News increased his BTC holdings and is bullish on the market performance in the coming months.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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