The last twenty-four hours have witnessed turbulent events in the cryptocurrency futures market,
where sharp fluctuations have led to widespread liquidations affecting over 250,000 traders. The total value of these liquidations has resulted in staggering losses exceeding one billion and one hundred million dollars.
24 hours of excessive optimism, and we reiterate the utmost necessity of adopting prudent risk management strategies and controlling psychological impulses when making investment decisions in these volatile markets.
According to COINGLASS, the highest liquidation of short contracts (over 870 million dollars) has been recorded in the last 24 hours since 2021.
🔥 In the cryptocurrency market, the rise begins when the majority bets on a decline.
A few days ago, several analysts philosophized and caused their followers to enter short positions.