Crypto trader Bonk Guy said the market could turn even tougher and more erratic in the near term unless the U.S. Consumer Price Index due tomorrow meaningfully changes its current path. He said on-chain volatility deserves close attention and warned that the difficult trading environment could extend into the fourth quarter. In his view, chasing newly listed pairs and rotating rapidly across liquidity pockets is the kind of behavior most likely to drain capital in the current setup. Instead of constantly reshuffling positions, he said investors may be better off concentrating on the assets they have the highest conviction in and adding on pullbacks, particularly in names that have shown relative strength recently. Bonk Guy also said the current cycle is far from over and described the present phase as a period of adjustment and digestion rather than an ending. He cautioned investors against exiting too early because of short-term swings, saying that could leave them on the sidelines if a larger move develops in Q4.
According to Odaily, crypto trader Bonk Guy said the market may become tougher and more back-and-forth in the short term unless the U.S. Consumer Price Index due tomorrow clearly changes the market's current trajectory.
He said volatility in on-chain markets is especially worth watching, and added that this kind of environment could last into the fourth quarter. Bonk Guy warned that constantly chasing new trading pairs and rotating through liquidity is the type of behavior most likely to wear down capital.
Rather than repeatedly switching positions, he said it makes more sense to stay concentrated in the assets an investor has the strongest conviction in and add on pullbacks, with particular attention on assets that have remained strong recently.
Bonk Guy also said the current market run is far from over. In his view, the market may simply need a period of adjustment and digestion, and investors should avoid leaving too early because of short-term volatility if they do not want to miss a potentially larger move in the fourth quarter.
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