Mechanism Capital Co-founder: Ensure to pay attention to risks, don't put all your bets on one trade

Andrew Kang, co-founder of Mechanism Capital, stated on social media that he has realized this is the first cycle and full bull market for many people, which is surprising. Throughout the entire bull market, BTC's multi-day declines have been very limited, only around 20%. Many people seem to have leveraged in the last adjustment in April. However, during the previous cycle, we often saw leverage shrinkage leading to a 30-60% contraction with collective losses of hundreds of billions of dollars. Different cycles have different patterns but when people become too complacent thinking nothing can happen that's usually when disaster strikes. Although I am bearish it doesn't mean you should short or sell everything in the market. Just make sure to be aware of risks and not put all your bets on one trade as if our trend exceeds expectations this trade could cause you significant loss. The value of having reserves is infinite. We will see new highs for Bitcoin in 2025 (but not all other currencies). But this does not mean we won't see extreme corrections within a month's time frame. The market won't let anyone surrender.