So, what can I say about the market and the "Qualified Analysts and Investors" Top Funds?
If you think you're a bad trader/investor, there are analysts officially earning millions of dollars a year who have left their shareholders and caused huge drawdowns. There are also Market Makers who are on the verge of liquidating many assets on the market. Let's take this step by step.
1) Crypto holding companies have already lost more on paper than FTX did back then. Losses amount to tens of billions of dollars, with portfolio declines ranging from -21% to a record -72%. The losses are still unrealized, but I'm confident we'll see the market decline even lower.
I was apprehensive about this in February and knew the altcoin would be destroyed, but they didn't give me the rebound I wanted to lock in losses, so I'm holding.
2) According to rumors in certain circles (and not so certain anymore), some MMs are experiencing liquidity issues and are close to selling their assets at market prices. This includes dozens of coins on Binance Futures, and I'm sure their colleagues have already happily lent them money, but holding long positions in altcoins is quite dangerous. Selling coins at market prices could lead to even more bloodshed, as there aren't many real buyers when an altcoin has been scammed for years, discouraging people from trusting it.
