🔥The data released last night surprised many heavily invested individuals
The market is just like this: good data leads to a rally, bad data leads to a crash...
Heavy investment is essentially gambling; good luck means a major direction, bad luck means immediate exit!
In the past 24 hours, the cryptocurrency market has experienced a severe liquidation wave, with a total amount exceeding 500 million USD, primarily concentrated on long position liquidations.
The phenomenon is primarily due to the drastic fluctuations in market sentiment, especially the price volatility of mainstream assets like Ethereum (ETH), which led investors to take on excessive leverage during the bullish chase, ultimately resulting in a large number of long positions being forcibly liquidated.
According to the latest data, the price of ETH fell from 4698.64 USD to 4611.50 USD during this period, a decline of 2.24%. Additionally, other cryptocurrencies like SOL and BTC also experienced corresponding liquidation situations, reflecting the prevailing risk-averse sentiment in the market.