Exploded again! $169 million liquidated across the entire network in 24 hours, bulls fainting on the charts...
According to Coinglass data, in the past 24 hours on July 8, the total liquidation amount reached $169 million.
Long liquidations: $123 million
Short liquidations: $45.93 million
You read that right, the hardest hit were not the shorts, but those bulls who 'saw the right direction but misjudged the timing.'
Why do liquidations happen when prices rise and when they fall?
The answer is simple: the direction was correct, but the trading method was wrong.
Many still do the same: they chase full positions as soon as there’s a rise, panic sell on a pullback, don’t set stop losses, don’t lock in profits, and leverage is set to 10x or 20x… as a result, when the market fluctuates, they become the 'cannon fodder for liquidity sacrifice.'
Current market status: Opportunity ≠ mindless rushing, bullish sentiment remains strong, but the market is entering a consolidation phase.
Mainstream coins ETH/BTC are likely to follow a 'high spike to lure buyers → washout and pullback' pattern.
Liquidation data indicates: high leverage + lack of discipline = giving away heads.
Operational suggestions:
Short-term: control your position, don’t fantasize about getting rich off a single trade.
Set stop losses, take profits on pullbacks, don’t expect the market to 'bounce back and save you.'
Focus on rolling over positions, gradually take profits, and avoid liquidation traps.
The market is never heaven, nor is it hell,
It merely amplifies the 'poor execution' and 'wishful thinking.'
Whether you make money or not, the key is not in the market, but in your own hand.
