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Bitget CEO Gracy Chen warns of an approaching bear market
Despite signs of recovery in the cryptocurrency market, warnings continue to emerge that the bear market is far from over. Gracy Chen, CEO of the global cryptocurrency exchange Bitget, stated that liquidity in the markets has not yet fully recovered, and that it is still too early to say that Bitcoin’s bear market has ended.
In her assessment published on the social network X, Chen said that Bitcoin’s return to the $74,000 level raised the question among investors: “Is it worth buying now?” However, according to Chen, investors should treat the current price levels with caution.
The Bitget CEO previously stated that she considers the $60,000–$70,000 range suitable for a gradual Bitcoin purchasing strategy. This strategy is known as dollar-cost averaging (DCA), in which investors reduce their average costs by making fixed purchases at regular intervals.
However, Chen emphasized that this price range is not suitable for investing all capital into the market. Speaking about her own investment approach, Chen said that she personally plans to invest “all of her capital” if the price of Bitcoin falls below $50,000.
Chen also warned investors about the need to be prepared for potential price fluctuations. She said that after buying Bitcoin, the price may fall by 20–30%, but this is not unusual in cryptocurrency markets.
In conclusion, Chen emphasized the importance of doing your own research (DYOR), stating that investors should not blindly trust the opinions of others when making decisions. According to experts, such warnings once again highlight the need for investors to carefully consider the high volatility of cryptocurrency markets.
See also: "CryptoQuant analyst names a possible date for the next Bitcoin peak"
