Equation founder: Increased BTC holdings today, believes the market is experiencing excessive panic.

According to Odaily Planet Daily, Vida, founder of Equation News, stated that he increased his BTC holdings today as a long-term allocation and added a small amount of Meme coin for short-term speculation. The total investment represents approximately 0.7% of his personal net worth, a small, experimental position. Vida pointed out that current market sentiment leans towards excessive panic, and his main reasons for being bullish on the crypto market in the coming months include: the overall correction in US stocks is manageable; BTC is currently near the key 1-week supertrend support; and some altcoins typically have a higher probability of rebounding during periods of extreme market downturn.

He added that ideal buying opportunities usually occur when large institutions face liquidation, but currently, the probability of such a situation occurring within a year is low.