What concerns me the most right now is this: when strong selling pressure appears, there is no clear whale buying demand to absorb it. Just as during bull markets we sometimes see price moves that make us think, “Does this even make sense?”, the same applies in the opposite direction. Downside moves can be just as extreme. This is not a time to confidently call a bottom. And yet, there is still a widespread tendency to treat the market too lightly. Looking back, when fear truly dominated the market, was there ever a moment when buying Bitcoin felt easy or comfortable? The answer is no. That applies whether you are trading spot or futures. The fact that many people can still speak with confidence right now suggests that a fair amount of confidence remains in the market.(mignolet)