Severe! Over 100,000 people globally faced liquidation, $349 million evaporated overnight. What hidden tricks are behind this wave of operations in the crypto market?
Everyone, did you sleep soundly last night? But over 100,000 people around the world couldn't sleep all night because they encountered liquidation! In just 24 hours, $349 million worth of funds vanished, with Bitcoin shorts losing $50 million and Ethereum shorts losing $110 million. This is not normal trading; it's simply a ruthless "slaughter"!
105,922 accounts were forcibly liquidated, with an average of 70 accounts completely going to zero every minute. Such a speed of liquidation is even difficult for the exchange's system to bear. One investor used 100x leverage to short, and just 5 minutes later declared "bankruptcy," a true case of "light-speed liquidation"!
Why did this happen? The reason is actually quite simple: greed combined with ignorance ultimately led to liquidation. A large group of people saw Bitcoin rise to $120,000 and concluded it would drop, so they crazily opened shorts. But the market gave them a harsh lesson, and it was a deadly one. Remember, the market is always right; it's your judgment that is wrong!
However, to be honest, liquidation is also a part of the market. Without liquidation, where does liquidity come from? If there are no shorts being liquidated, how can the longs make money? This is a zero-sum game; your loss is someone else's profit, cruel but true.
Regulatory authorities will definitely take action; such a large-scale liquidation event cannot be ignored. But if they are too strict, the market may lose its vitality. This is a dilemma, and it depends on how to find a balance.
Friends, this market is like this; today it may make you cry, and tomorrow it may make you laugh. But remember one thing: staying alive is more important than anything else. As long as your account is still there, opportunities will always exist. Even if you get liquidated, don't lose heart; just treat it as a lesson and be more careful next time.
The charm of the crypto market lies here; it treats everyone fairly, whether you're a millionaire or an ordinary person. Here, knowledge and luck determine everything. Improve your understanding, manage risks well, and wealth will eventually favor you!
The most important point is: do not go against the trend; this time it was all shorts that got liquidated! #比特币市值超越亚马逊