Early morning crypto massacre!!!

Woke up to find that Bitcoin has once again 'flash crashed'

The multi-army legion has been severely blown up

In this bull market, if you want to make money, stability is the most important

Yesterday, Bitcoin performed another series of crashes, dropping from $100,400 to $94,200, and then soaring back up to $97,000. Ethereum, SOL, and other mainstream and altcoins were even more volatile, leading to a 'liquidation feast', with $1.262 billion liquidated within 24 hours and an individual losing as much as $19.69 million—enough money to buy many lives of big bulls. This is why big bulls emphasize repeatedly that beginners should not touch contracts, and even if they do, they shouldn’t use leverage.

Severe fluctuations

Cryptocurrencies are not like stocks; they fluctuate 24 hours a day and are more sensitive. Any market movement in response to news, technological developments, or macro factors can lead to significant changes. Moreover, when prices suddenly change, it triggers many people's stop-loss and take-profit orders, further exacerbating price changes, and rapid price fluctuations greatly increase the risk of forced liquidation.

Anxiety in mindset

Friends trading contracts, especially those with limited funds, often feel anxious during market fluctuations. They are afraid of missing the opportunity to get in, but also fear being forcibly liquidated in a single wave. Many people wake up briefly to check the market, looking to see if they have made a profit or a loss. If they lose, their anxiety intensifies, leading to rash operations that bring even more risk. However, you should understand that real big players can remain calm because they have more capital, lower liquidation thresholds, and are not afraid of losses.

Big bulls strongly recommend that investment should be stable, and to avoid overly relying on leverage to succeed.

Leverage is a double-edged sword; it can help you earn more quickly, but it can also lead you to lose faster, potentially leaving you with nothing.

If you are trading contracts, you must set stop-losses, determining in advance the maximum loss you can tolerate, so that even if the market plays tricks, you can still preserve a portion of your capital.

Finally, it is advised that beginner players should not invest all their funds into a single asset/blockchain, as this can greatly reduce the risk of loss.