Lady of Crypto, a prominent figure in the crypto community, has weighed in on the recent market dip and the upcoming Bitcoin halving event. As Bitcoin’s halving approaches, both BTC and altcoins have seen a significant downturn, sparking concerns among investors. However, Lady of Crypto remains unfazed and provides her analysis on why panic may not be warranted.
Read CRYPTONEWSLAND onIn a series of tweets, Lady of Crypto delves into historical data surrounding Bitcoin’s pre-halving dips. Comparing previous halving events in 2016 and 2020, she highlights that BTC experienced dips of 30% and 20%, respectively, before the halving. In contrast, the current dip stands at 17%, suggesting that the current downturn may be within normal parameters.
While acknowledging the severity of the recent dip, Lady of Crypto emphasizes that it falls somewhere between a standard pre-halving dip and a black swan event. She compares it to the COVID crash, where BTC plummeted by 58% and TOTAL2 by 68%, indicating that the current downturn is relatively minor in comparison.
Addressing rumors of an early start to the bull run due to BTC breaking its all-time high, Lady of Crypto asserts that such claims may be misleading. She points out that mass adoption has yet to occur, citing social media metrics as evidence of gradual interest returning to the crypto space.
In conclusion, Lady of Crypto advises investors to view dips as opportunities, whether for buying or holding, depending on their exposure to the market. She advocates for controlling fear and staying focused on the long-term trajectory of the bull run, expressing confidence in its eventual success.
As the crypto community navigates through turbulent times, Lady of Crypto’s insights provide valuable perspective for both seasoned investors and newcomers alike. With the Bitcoin Halving event looming over the community, the coming weeks should be very interesting.
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