Crypto Dan
Crypto market in 2023
2022 was a tough year for the crypto market. However, 2023 is more likely to be a period of preparation for an Bull market rather than Bear market like 2022. Looking at the open interest and leverage ratio, they have fallen sharply since the FTX incident, and despite the recent strong rally in Bitcoin, these two indicators still haven't overheated at all. This means that market participants are less interested, and it can be said that the market has become lighter. Considering the low interest of market participants, the duration and depth of the bear market, and the market atmosphere, it is necessary to have an active buying perspective if there is a strong drop of Bitcoin in the future or if it renews its low point. Of course, split purchases are essential. You may think of buying when a bull market comes, but in my experience, even if a bull market comes, we can only find out later whether it is a bull market or not. It is also a good idea to prepare in advance with split purchases.