Bonk Guy: Short-term Market Weakness Is Exactly When High-Conviction Positions Are Most Easily "Shaken Out"

Odaily reports that well-known trader Bonk Guy posted that investors are currently being forced to sell high-conviction holdings due to market weakness, and this is precisely the most fragile phase. In his view, the truly difficult thing is not buying when the market is rising, but continuing to hold and buy the dip when the market falls into dullness and pain.

Bonk Guy added that recent market movements have largely aligned with his previous expectations. Over the past two weeks, on-chain market performance has been relatively volatile, especially showing a clear cooldown compared to the strong momentum of the previous 1 to 2 months. Aside from a few assets such as USELESS and STONK, most of the previously popular tokens have now declined, with some dropping more than 50%. Newly issued tokens have performed especially badly. Therefore, he still regards the fourth quarter as the key focus and believes that the past few months were merely a prologue. If the market continues to rise in the coming weeks as he expects, investors who sell their high-conviction holdings now may regret it.