The crypto market is in turmoil, the bears are trembling, what should be the next step?
Recently, the crypto market has been crazy! Over 400 million dollars in liquidations in one day, more than 110,000 people were forced to close their positions, and the short positions accounted for over 70%, clearly caused by a sudden one-sided increase.
What’s particularly harsh is that in just 4 hours, the liquidation amount for shorts increased 7 times compared to the previous 8 hours, with mainstream coins like $SOL and $ETH leading the chaos. Looking at DOGE, MEOW, and other meme coins, it’s all retail investors betting, and smaller coins are more prone to wild fluctuations.
Right now, the market is a meat grinder of longs and shorts cutting each other, and liquidity is almost running out. The so-called wealth codes are basically traps, especially for small coins like $TOWNS that haven’t made the liquidation list; nobody trades them, so there’s no large-scale clearing, but their prices can be easily manipulated. These projects have no real capabilities, and the probability of going to zero is much higher than that of mainstream coins.
The market is very dangerous right now. Let’s wait until the volatility decreases. When meme coins like MEOW start to get liquidated, that’s a signal to hold onto your wallet tightly. Ethereum reaching 4k this round is already a done deal; how far can the next wave of 100x opportunities be? Altcoins are about to experience an unprecedented explosion, and I have already outlined strong coin bottom-fishing strategies, which I will publicly share soon. If you want to seize this opportunity, come directly if you agree.
