The seventh calamity mentioned for BTC began on July 23 and occurred between August 7 and 17, referring to the calamity of mankind.
Now the problem arises,
May I ask: Does "collapse" refer to a price plunge? Or a massive liquidation amount?
Historically speaking, whenever the total liquidation amount exceeds one billion, it is generally referred to as a collapse.
However, currently the price has hardly changed, merely a pullback, and the liquidation amount has already surpassed one billion.
Dear experts, what does collapse really mean, a significant drop or massive liquidation?
A significant drop does not necessarily mean massive liquidation,
Massive liquidation does not necessarily mean a significant drop.