In the past 24 hours, $628 million in liquidations occurred, affecting 130,000 people.
This situation generally indicates:
The market is too volatile, and the trend is far from stable; a high number of liquidations suggests that many are using excessive leverage and engaging in emotional trading; for those trading spot, it's essential to remain calm at this time, patiently observe, and seize the right opportunity to act, preserving capital is the key, cherish it.
