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BlockBeats News, November 16, Formula News founder Vida posted on his personal channel that today he increased his holdings of some BTC as a long-term investment, and also increased his holdings of a small-cap Meme coin for short-term speculation over a few months. The total expenditure is equivalent to 0.7% of his personal net worth, which is just a casual operation, and the eventual profit or loss will be limited. Personally, I am currently optimistic about the performance of the crypto market in the coming months because: As I have analyzed, even if the US stock market falls, it won't be too severe. The sharp decline in the crypto market is somewhat overly panicked; BTC is currently on the support of the 1-week supertrend indicator, which is probably the most effective support in this bull market cycle; The sentiment in the altcoin market is somewhat excessively panicked, and buying during times of excessive panic tends to have a higher win rate. Of course, the best buying opportunity in the world would be to wait for Strategy or Bitmine to be liquidated, but for now, it seems unlikely that this will happen within a year.

BlockBeats News, November 16, according to Alternative data, today’s Crypto Fear & Greed Index is 10 (the same as yesterday), with last week’s average at 22. The market continues to be in an “extreme fear” state, and community sentiment has dropped to a “freezing point.” Note: The Fear & Greed Index ranges from 0-100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + bitcoin’s dominance in the overall market (10%) + Google trend analysis (10%).