Spartan Group Co-founder: BTC will not drop to 42,000 USD

Kelvin Koh, co-founder and managing partner of Spartan Group, stated on social media about the sharp drop last night: 1. Such adjustments are not uncommon in cryptocurrency. As the market climbs, there will be several such adjustments this year. 2. The market will rebound quickly. Idle capital will be put into use. Fundamentals have not changed. 3.This sell-off will clear up the leverage and positions accumulated over the past few weeks, laying a foundation for the next bounce in the market. 4.Your portfolio should have withstood this plunge.If you're stuck, you need to manage risk better.Even in a bull market,the market constantly weeds out weak players like this .5.If you've been watching so far,this is your chance to enter.BTC won't fall to $42k .6.If there are some tokens that you want to buy but aren't big enough or they ran away from you,this is an opportunity to adjust position sizes.