The bearish sentiment on the crypto market shows no signs of slowing down, and many long-term investors are feeling the pressure. After reaching a new resistance level this week, it seems likely that we’ll see further price drops in the coming days. If you’re looking for ways to weather the storm, consider consulting with an experienced crypto trader for advice. 

The crypto market has been bearish for months now, and many long-term holders are feeling the pressure as prices continue to drop. Earlier this week, we saw a sharp decline after hitting a new resistance level, and analysts predict that trend will continue in the coming days. If you’re worried about your portfolio during these uncertain times, it may be worth consulting with a knowledgeable crypto trader for advice on how to weather the storm. 

Whether you’re a long-term investor or just dipping your toes into the crypto world, it’s important to be prepared for market volatility. With prices continuing to drop and resistance levels being reached more frequently, now is the time to take stock of your portfolio and make smart decisions about your investments. If you need help navigating these turbulent waters, consider speaking with an experienced crypto trader who can offer guidance and insights into this ever-changing market. 

As one of the most volatile markets in recent memory, cryptocurrencies continue to bring both opportunities and challenges. Whether you’re a seasoned investor or just getting started, it’s essential to be prepared for price fluctuations that can leave even the most experienced traders feeling overwhelmed.

Source: Tradingview

How LUNA crush affected the on-chain long-term holders

The LUNA crush, which resulted in the loss of millions of dollars from long-term on-chain holders, has had a significant impact on the market. Many participants are concerned that the bearish trend is here to stay, which could be difficult for long-term holders of SOPRs like BTC. 

However, short-term sentiment remains relatively bullish, with on-chain traders continuing to look for opportunities and believing in the market’s potential for growth. As such, it will be important for traders and investors to monitor both short-term and long-term trends in the crypto market, making informed decisions based on the latest news and data. Ultimately, it is important for all participants to stay up-to-date with current market conditions in order to maximize their investment potential.

Conclusion

Overall, the bearish trend in the cryptocurrency market has been challenging for long-term holders. While there may be some uncertainty about how to turn things around, it is important for traders and investors to stay informed about on-chain and off-chain trends in order to make well-informed decisions. As the market continues to evolve and change, it will be important for everyone to stay up-to-date with the latest news and data in order to maximize their investment potential.