Good Position Management

Over $800 Million Liquidated Across the Network in 24 Hours
#BTC #ETH
Recently, the cryptocurrency market has experienced significant volatility, with over $800 million liquidated across the network in 24 hours.

CoinGlass data shows that on July 19, the cryptocurrency market collectively corrected, leading to over 180,000 people being liquidated, with a total liquidation amount exceeding $800 million. Bitcoin briefly fell from over $120,000 USD to around $116,788 USD, a drop of nearly 2% within 24 hours. In addition to Bitcoin, Ethereum fell by about 1%, SUI fell by over 6%, XRP fell by over 4%, and ADA fell by over 3%.

The trigger for this liquidation event was the "Guiding and Establishing National Innovation Act for Stablecoins in the United States" signed by the White House the day before. On July 18, local time, U.S. President Trump signed the bill, marking the first formal establishment of a regulatory framework for digital stablecoins in the United States. Affected by this, the cryptocurrency market experienced significant fluctuations, triggering a large number of contract liquidations.

Some suggestions regarding position management:
1️⃣ Determine position size based on risk tolerance
2️⃣ Adjust position size based on market trends
3️⃣ Diversify investments and control single position size
4️⃣ Adopt reasonable position building and adding strategies
5️⃣ Set stop-loss and take-profit levels
6️⃣ Avoid over-trading
7️⃣ Reserve margin funds