Investors weigh buying or selling bitcoin amid cooling momentum

Yang, a 39-year-old office worker living in Mapo District, Seoul, sold part of his bitcoin holdings last summer when prices surged, locking in profits. But as prices recently corrected, he began buying again in installments. “Whenever there’s news about interest rates or regulations, the market gets shaky, but I believe the long-term trend is upward. Whenever prices drop sharply, it actually feels like a buying opportunity,” she said. In contrast, another investor, Park, a 45-year-old office worker living in Guri, Gyeonggi Province, could not withstand a recent downturn and sold half of his holdings at a loss. “The market has become much more complicated than before, and the upward momentum seems weak. For the time being, I plan to increase my cash position and stay on the sidelines,” he said. The bitcoin market, which surged past the $120,000 mark in October last year, has cooled sharply, leaving investors weighing whether to step in at lower prices or cut their losses. On Korean crypto exchanges, bitcoin briefly climbed back above 100 million won ($69,000) during the Lunar New