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‘Don’t panic sell’, says trader who had a loss of US$6 million with Bitcoin
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The recent crash in the cryptocurrency market has brought a challenging situation for many traders of cryptocurrencies. After all, many suffered heavy losses. Amidst the sharp corrections, the famous trader known as Ash Crypto accumulated losses of more than US$6 million in this latest correction.
According to the most recent message the trader shared with his 1.4 million followers on X, the Recent losses from your Bitcoin (BTC) wallet reach $6.4 million. However, Ash Crypto stated that he is not desperate to sell.
The trader also revealed his cryptocurrency trading strategy to recover these losses. Ash Crypto explained that as he did not sell any BTC, this loss is not realized. And one of the tips he gave was precisely to do not operate with excessive leverageto avoid liquidations.
Although many analysts have suggested the possibility of a significant correction, BTC’s drop from $102 to $92,000 took many traders by surprise. The impact was even greater on leveraged operations, as traders in this market recorded a collective loss of US$1.2 billion.
Trader lost $6.4 million with Bitcoin
With his 19 years of trading experience and 1.4 million followers, Ash Crypto was not immune to this loss. According to the trader, your BTC accumulates a loss of US$6.4 million in just seven days. Even so, he did not show any sense of panic in his message.
The market for altcoins was no different, with investors losing more than US$2 million in the first 24 hours. Many blamed the seller traders (“bears”) and even cursed these traders. However, Ash Crypto highlighted the market’s very profitable history and said that such corrections were common.
Although the trader’s losses are significant, Ash Crypto has demonstrated optimism about recovery. He spoke of his years of experience trading cryptocurrencies, claiming that such bearish cycles are normal.
Ash advised his fellow traders to take advantage of declines and increase positions instead of selling their assets in desperation. He shared his experience by stating that he bought BTC for just $15,900 in November 2021 when 99% of people were pessimistic and scared to buy.
Taking just this history, the trader has already obtained a profitability greater than 500% with cryptocurrency. Even after the strong correction, Bitcoin managed to remain above $92,000. Until the closing of this article, the cryptocurrency had a slight recovery and returned to US$95,000.
‘Don’t panic sell’, says trader who had a loss of US$6 million with Bitcoin
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‘Don’t panic sell’, says trader who had a loss of US$6 million with Bitcoin
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‘Don’t panic sell’, says trader who had a loss of US$6 million with Bitcoin
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‘Don’t panic sell’, says trader who had a loss of US$6 million with Bitcoin
