[Placeholder Partner: After the recent crypto market crash, sustained buying pressure is unlikely in the short term; BTC may be reconsidered for purchase if it drops to $75,000 or below] BlockBeats News, October 17 — Former Ark Invest crypto lead and current Placeholder VC partner Chris Burniske posted, 'Increasingly, I feel that last Friday’s crash has left the crypto market stagnant in the short term. After such a collapse, it’s difficult to quickly establish sustained buying pressure. This cycle has been disappointing for most people, which may limit action as everyone waits for a "market recovery" or previous historical highs. It’s easy to get caught up in the minutiae of charts, but if you look at the monthly charts for BTC and ETH, they show we’re still in a high range (though cracks are forming). If you’re considering taking profits, keep that in mind. MSTR is declining, gold is issuing warnings, credit markets are doing the same, and stocks will be the last to react. We can always expect a weak rebound, but I’ve already taken action (remember, cashing out is never all-or-nothing). I’ll be watching BTC’s reaction to $100,000, but if BTC reaches $75,000 or lower, I may become interested in the market again. This bull market is different from previous ones, and the next bear market will be different too.'