🚨Latest Liquidation Data: $ETH Ethereum Long and Short 180 Million 😱 Exceeds Bitcoin
On May 12, the cryptocurrency market experienced a bloody washout.
According to the latest data from Coinglass, Ethereum (suffered $180 million in liquidations in the past 24 hours, a figure far exceeding the liquidation scale of $$BTC 7425 million.
Among them, long positions suffered heavy losses, with liquidation amounts reaching $99.87 million, while short positions also had $79.95 million of positions forcibly closed.
This dual liquidation event reflects several key signals:
1️⃣. The leverage ratio in the ETH market is significantly higher than in BTC, leading to a larger liquidation scale.
2️⃣. Both long and short sides are engaged in fierce competition, but ultimately both suffer losses.
Notably, the liquidation amount of long positions is nearly $20 million higher than that of short positions, indicating that investors chasing prices in recent price fluctuations have paid a heavier price. #币安Alpha上新
It seems that the risk of chasing prices is still greater than buying low 😱 If you ask me, buying coins is about 【buying low and selling high】. In simple terms, buy when it's cheap and sell when it's expensive.
If it's already very expensive, then it indicates that the risks are relatively high too!
At this point, you either don’t participate or look for better targets!
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This narrative is sufficient to rival $DOGE , but its current market capitalization is still relatively low.
The community continues to build, and the momentum is strong, so if you are a believer in the meme track, you can boldly invest a bit.
Remember the meme wealth formula: Buy quality memes low + hold long term like a diamond hand. Simple but effective! 一级优质meme交流群
