ChainCatcher news, Kelvin Koh, co-founder of the cryptocurrency asset management company Spartan Group, summarized six key points regarding Bitcoin's sharp drop in the early morning:Such adjustments in the cryptocurrency market are not uncommon. As the market continues to rise, we will see several similar situations this year.The market will rebound quickly. The sidelined funds will be put to use. The fundamentals have not changed.This sell-off will clear the leverage and positions accumulated over the past few weeks, laying the foundation for the next round of market growth.Your portfolio should have withstood the test of the sell-off. If you were liquidated, you need to manage risk better. Even though we are in a bull market, the market will still clear out the weak players in this way.If you have been on the sidelines so far, this is your opportunity to enter the market. Bitcoin will not drop to $42,000, so don't try to be too clever.If you have been considering buying a certain cryptocurrency, now is a good time to buy.

ChainCatcher news, Spartan Group Managing Partner Kelvin Koh revealed that while trading on a major centralized cryptocurrency exchange, they discovered that the exchange leaked their short position information to certain contacts within the industry.He stated that this is a serious violation of client confidentiality, and therefore they will terminate trading activities on this exchange.Kelvin Koh expressed that what is even more shocking about this incident is that this information was easily shared. If any random employee of the exchange can access client trading positions and share them with random parties, it indicates that the exchange has not implemented appropriate controls. Furthermore, as one of the largest centralized exchanges, he called for stricter regulation of centralized exchanges.