$BNB no nos deja a ciegas hay mucho que aprender e inovar

I don’t really like the idea of holding onto hope, because I’m strongly against relying on hope for anything. But i think people need it right now. The drop we saw last night, or today, is similar to what we witnessed during the 2021 bull market, when, for example, Ethereum dropped 47% in a day, LINK and DOT dropped around 50%.
So, this kind of drop isn’t new. However, liquidations are much higher compared to 2021, and some coins goes to zero. This happens when people use too much leverage, because sharp dips are mostly triggered by leverage. Now, if you look at Ethereum, it didn’t drop as much as some other coins and that’s because many traders focus on less liquid coins. When these drops happen, the highly leveraged positions get liquidated, causing forced selling in the market.

Now, let’s get back to the main point: this drop has happened during 2021 bull market and after that, the market entered a consolidation phase, followed by new highs. I’m not saying that the same scenario will definitely repeat, but I do believe we’re not done yet. This isn’t how the market tops out. That’s just my opinion. I know people have lost money, but for that same reason, the market will probably go through a consolidation phase as investors’ confidence returns.

Last time we had a similar 40-50% drop in Ethereum and other coins, many altcoins tested their lows multiple times. Maybe we’ll see a similar pattern again, not for every coin some literally went to zero but some coins might revisit their lows. Ultimately, Not every coin but coin like Ethereum I do think we’ll see new highs, maybe by the end of this year or early next year.