PANews reported on November 16th that, according to market sources, Vida, founder of Equation News, posted on his personal channel that he has increased his holdings of BTC as a long-term investment and a small-cap meme coin for short-term speculation over the next few months. Vida stated that he is currently bullish on the crypto market in the coming months because:

1. US stocks won't fall too drastically. The current drop in the crypto market is an overreaction to the panic.
2. BTC is currently supported by the 1-week Supertrend indicator, which is probably the most effective support level in this bull market.
3. The altcoin market is currently experiencing excessive panic, and buying during periods of extreme panic generally yields higher success rates.