Welcome to Eric's Investment Diary with HEYBIT!

I look forward to investing alongside all of you, our HEYBIT customers, until we all achieve our financial goals together!

My Investment

• In the past few days, market volatility has significantly increased, and the market has seen a substantial decline. Bitcoin broke through the critical support level of 66k, dropping to 64k during trading. Altcoins, which are relatively less liquid, have dropped by as much as 40-50% over the past week. Personally, I hold some altcoins, and it has been quite painful.
• Due to the poor market conditions, Beta has also fallen by more than 10%. However, Alpha has been consolidating and gradually rebounding over the past few days. While Alpha's performance might seem lacking in a bull market, it brings a sense of relief during this kind of crash.
• Moreover, with the SEC concluding its investigation into Ethereum 2.0, there are rumors that the SEC no longer views Ethereum as a security. Consequently, if Ethereum's spot ETF gets approved, Ethereum might lead the altcoin market along with Bitcoin, initiating a new bull market.

My Alpha status

• Compared to Last week,

  • Alpha’s Return: +4.97% → +3.63% (-1.34%p)
  • Alpha’s PNL : +74.59 USDT → +54.57 USDT (-20.02 USDT)

  

My Beta status

• Compared to Last week,

  • HMI12’s Return : +12.91% → +3.59% (-9.32%p)
  • HMI12’s PNL: +154.61 USDT → +43.04 USDT (-111.57 USDT)

  

Market Overview

⛈️ Critical Support Level 62-64k.

In the past few days, market volatility has significantly increased, and the market has seen a substantial decline. Bitcoin broke through the critical support level of 66k, dropping to 64k during trading. After dropping to 64k, BTC is still located between 64k~66k range. I think BTC will consolidate between this range, and altcoins will rebound from the bottom during this period. And if BTC breaks through 64k, BTC will go down to 58k.