Bitcoin experienced a noticeable sell-off on Tuesday, bringing its rally to a halt. The gains accumulated since the beginning of the year nearly all gave back, which truly worried many holders.
From the data, Bitcoin has risen over 7% since the start of the year, with a peak of $94,420 during Tuesday's trading session, marking a solid short-term high. This rally also triggered a rotation in the entire cryptocurrency market, with altcoins following the broad upward trend. The total market capitalization increased by approximately $250 billion during this week's price movements.
However, many industry insiders say not to be too pessimistic. This pullback is just a normal correction within Bitcoin's long-term upward channel, and short-term fluctuations are not enough to change the overall trend. After all, the market is like this—highs and lows—and being able to stay calm during a pullback is what makes a true investor.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
5
Repost
Share
Comment
0/400
liquidation_watcher
· 01-08 00:47
Here it comes again, scaring people like this every time
Whether to buy the dip or to sell the house depends on your mindset
How many retail investors can be washed out in this wave of correction haha
Those whose mentality collapses now are probably the bottom-fishers
Wait, will it just crash down after touching the 94420 top? Feels a bit fierce
I've heard the long-term upward channel many times, and still, the same words: only coming back alive matters
It's actually just shaking out the weak hands; the ones who panic early have already run, and the rest are true believers
A 7% increase almost made everyone vomit, indicating that no one truly believes in the fundamentals
Don't talk about investor mentality; even those who cut losses comfort themselves the same way
View OriginalReply0
CryptoComedian
· 01-07 20:50
Smiling and then crying, I knew something was going to happen when peaked at 94420
It only increased by 7%, and yet you still have the nerve to talk about a long-term upward channel? I think it's a long-term intestinal trend
$250 billion coming in and going out again, this move is truly the biggest drama of the year in the crypto world, brother
Staying calm during a pullback? Easy to say, my mindset has long been out of balance
Don't be too pessimistic, it's easy to say. Just ask my account to know how optimistic I am
Short-term fluctuations don't change the trend, long-term trend doesn't change short-term losses. I’ve learned this logic
Altcoins surged across the board, I didn't catch the rise; altcoins plummeted, I didn't miss that either. That's my investment talent
Normal adjustment? You call this normal? I call it normal cutting losses
View OriginalReply0
GasFeeAssassin
· 01-07 20:45
Dropped again, feeling bad. But to be honest, the 94,000 USD level was probably due for a correction anyway.
Why are some people still obsessing over a 7% increase? I only care about when it breaks 100,000.
That wave of altcoin gains was really exciting, but unfortunately, I only hold Bitcoin, uh.
Mindset is mindset, I still want to buy the dip, but the problem is I don't know where the bottom is.
Hey, don't try to persuade me. I just love buying high and selling low—this is my style.
View OriginalReply0
Layer2Arbitrageur
· 01-07 20:43
lol imagine panic selling at 94k when the order flow data literally screams accumulation. the real alpha move? running the numbers on that 2500B liquidity injection—calculate your basis points, hedge your delta, and you're basically printing money while everyone else cries.
Reply0
GasFeeCrybaby
· 01-07 20:42
Here we go again with the pump and dump. This wave of decline is really extreme.
It's the same old excuse again—just stay calm and everything will be fine? Easy to say.
I didn't buy at the high of 94420, and now watching the pullback is really painful.
$250 billion evaporated. Some people made a lot of money, while I lost everything on my side.
How do industry insiders always know how to comfort people? Laughing to death.
Just because of this adjustment, I want to curse. Short-term fluctuations—you're the one who has to bear them.
Actually, a pullback is normal, but it still feels really bad to lose money.
This is why I hate the feeling of catching the top.
Wait, could it drop again? I'm a bit panicked.
Bitcoin experienced a noticeable sell-off on Tuesday, bringing its rally to a halt. The gains accumulated since the beginning of the year nearly all gave back, which truly worried many holders.
From the data, Bitcoin has risen over 7% since the start of the year, with a peak of $94,420 during Tuesday's trading session, marking a solid short-term high. This rally also triggered a rotation in the entire cryptocurrency market, with altcoins following the broad upward trend. The total market capitalization increased by approximately $250 billion during this week's price movements.
However, many industry insiders say not to be too pessimistic. This pullback is just a normal correction within Bitcoin's long-term upward channel, and short-term fluctuations are not enough to change the overall trend. After all, the market is like this—highs and lows—and being able to stay calm during a pullback is what makes a true investor.