Millionaire Trader Lost 8 Figures But Still ‘Aggressively Accumulates Bitcoin’

Pseudonymous millionaire trader Unipcs cautions that talk of a crypto cycle top is overblown and urges traders to maintain a long-term perspective.

What Happened: Unipcs highlighted that 25%–30% corrections in Bitcoin (CRYPTO: BTC) during bull runs are normal, and the recent 19.6% pullback falls well within historical ranges.

Even a drop to $88,000 would not be unprecedented, though he doesn’t expect it.

The reaction of Bitcoin and altcoins after the massive Oct. 10 liquidation event further supports the view that the cycle has not topped.

Unipcs …

Full story available on Benzinga.com