Equation Founder: Increased BTC Holdings Today as Long-Term Investment, Market Gripped by Overblown Fear

BlockBeats News, November 16th, Formula News founder Vida posted on her personal channel today, stating that she has increased her BTC holdings as a long-term investment and also acquired some low-cap Meme coin for a few months of short-term speculation. The total expenditure is equivalent to 0.7% of her net worth, indicating a casual move with limited potential gains or losses. Currently, she is optimistic about the future performance of the crypto market in the next few months because:

As I analyzed, even if the US stock market falls, it will not plummet too severely. The sharp decline in the crypto market seems a bit overly panicked;

BTC is currently at the support of the 1-week supertrend indicator, which is probably the most effective support of this bull market cycle;

The altcoin market sentiment is somewhat overly panicked, and buying during times of excessive panic has a higher success rate.

Of course, the best buying opportunity in the world is to wait for Strategy or Bitmine to be liquidated, but for now, it is hard to see the possibility of this happening within the next year.