The market's sharp drop triggers a massive liquidation, is your part included?
In the last 24 hours, the total liquidation amount in the market reached $300 million, with ETH contracts having the largest liquidation share at $199 million. Long positions accounted for 86.6% of the total, indicating a collapse of bullish confidence. BTC fell to 113,780, and ETH to 4,224.89.
Resonance of policy and technology factors
South Korea suddenly halted crypto lending services, directly hitting leveraged trading. The Federal Reserve issued risk guidelines for crypto asset custody, intensifying regulatory concerns. GMX completed vulnerability compensation and upgraded to version V2, with the market responding cautiously.
Trading opportunities and risk warnings
$BTC pays attention to the support level at 110,000.
$ETH is forming a contest area at 4,200, suggesting setting a stop loss.
$SOL is consolidating sideways; a breakout above 200 may release bullish signals.
#XRP shows potential for a rebound after testing the bottom at 2.85 three times.
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