My portfolio mainly consists of $BTC and $ETH so I also have a small loss. Supported by two big guys, Mai Cồ (Michael) and Tôm Lê (Tom Lee), who are carrying the load, I also have faith to continue holding. Now let's take a look at the price fluctuations of $BTC yesterday.
Yesterday afternoon, BTC was hovering around 64k-65k USD, at one point dipping down to 60k, dropping more than 10-15% in just one day. ETH fared worse, falling below 2k, even hitting 1.8k-1.9k, losing nearly 20% of its value. The entire market liquidated more than 2-3 billion USD in leveraged positions; anyone with high margin got wiped clean.
Even the big bosses are struggling with the burn:
• Michael Saylor with MicroStrategy (now called Strategy) holds over 713k BTC, with an average purchase price of ~76k, currently unrealized losses of about 8-12 billion USD depending on the source. MSTR stock has plummeted, losing more than 70-80% from its peak. But he still chill: “Don't sell BTC, hold forever!” 😅
• Tom Lee from BitMine is the “Saylor of ETH,” holding ~4.3 million ETH, also facing paper losses of 6-8 billion USD when ETH is below 2k. BMNR stock has also dropped, but he says “that's a feature, not a bug,” still believes ETH will bounce back strongly in the second half of the year.
The market is in maximum fear, the Fear & Greed Index is probably hitting the bottom. Those who are holding should be patient, and those who are FOMOing on the dip should be careful not to burn their wallets. I'm still HODLing with the bosses Michael Saylor and Tom Lee. If BTC drops below 5x, I will use idle money to DCA for the next growth season!
What about you guys? Comment and share, let's get through the winter together! 🚀❄️ #bitcoin #Ethereum #Saylor #TomLee #BinanceSquareWithYou
