Senn|Jun 21, 2026 05:51
Don’t get too carried away with shorting lately. Last week, the STRC FUD sentiment was pretty intense, and the 30-day BTC ETF outflow hit a historic high. The risk-reward ratio for shorting is terrible. If we reference the last bear market bottom, there could be a 20% short squeeze rally. Just looking at the range, that’s around 72,000/73,000. I don’t feel like going long on BTC either—Crcl seems like a better spot right now. In the latter half of the bear market, those smooth downward trends are less frequent, so take profits more often. Of course, the most important thing at the bear market bottom is to endure. Even when the bottom is in, it doesn’t mean the bull market will come right away. I personally hate being stuck in positions. I’ll only consider holding long-term positions when there’s a big red candle drop followed by sideways consolidation.
Gotta hand it to the ETH maxis—they ride every rollercoaster with unwavering faith. It’s only halfway through the bull market before it starts pumping. ETH maxis really know how to endure. What did Ethereum do to deserve this?
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