The cryptocurrency market in the last 24 hours has been a scene of 'bloodshed' 😧 with a total liquidation of $267 million across the network, nearly 80,000 people losing everything overnight, it's horrifying…

Long positions were liquidated for $156 million, and short positions for $111 million, with bulls suffering significant losses… Just think about the 78,333 people who were forcibly liquidated, with an average loss of over $3,500 each, how many people must be losing sleep over this?​

The most brutal was that ETH liquidation order on Hyperliquid, where $9.4366 million vanished in an instant… How much leverage must have been used to not withstand it… High leverage is like a heartbeat; once the direction is wrong, it's a bottomless abyss…

More long positions were liquidated, indicating that many people had chased the rise too aggressively, and when the pullback came, they collectively crashed. Short positions also suffered losses in the hundreds of millions, showing that there were still fluctuations during the decline, and the battle between bulls and bears was too intense. ​

At this time, don’t bet on direction; setting a stop-loss is better than anything else. Personally, I also used to not set stop-losses… Although I eventually made it through, that period was one of not being able to think of food or tea… Leverage is a double-edged sword; if not used properly, it becomes a knife for cutting losses.

Whether you are a newbie or an old player, I still want to remind everyone: the market always has surprises, preserving your capital is the way to go further!!! #加密市场回调