The crypto asset market has been dominated by retail investors, with specialized hedge funds and family offices also participating. This once-in-a-lifetime market has revealed that not only has the ordinary Joe or Jane failed to capitalize on buying and selling opportunities, but some of the most notable hedge funds in the field failed to implement effective risk management. The crypto market cycles, both up and down, exhibit the characteristics of financial bubbles.
Understanding how market cycles function can help you retain perspective during times of uncertainty, allowing you to concentrate on your investment strategy based on your own objectives. Using Bitcoin to Identify the Crypto Market Cycle is a good starting point.