October 10th, this is the top trader in the cryptocurrency circle, losing over 30 million yuan in one day, with losses around 10 million yuan at the least.

There are losses in the billions, and I saw someone losing 80 million dollars.

At this moment, I seem to understand that the end of trading means the outcome of reaching zero.

This day is worth remembering.

In history, 94, 312, 519, and today’s 1011 will become memorial days in the cryptocurrency world.

People who leveraged altcoins without stop-loss, even at 1.5 times, were completely liquidated.

The source of all this, I looked into it, is due to the liquidation of synthetic assets. The total liquidation across the network reached 19 billion, surpassing the 9 billion from 519 back in the day.

Synthetic assets like WBTC, WBETH, and BSOL have all plummeted.

These synthetic assets, anchored by #BTC #ETH , #SOL , instantly dropped: 73%, 96%, 89%.

Of course, to get rich quickly, many times you have to rely on leverage.

The market had been soaring for the past few days, with #币安人生 #4 leading a wave of people to wealth.

Everyone thought a bull market was coming, that the final climax was approaching, but they didn’t expect such a wave to come.

This round of manipulation by the big players was too precise, I can only say they are impressive, they have really gathered enough chips this time.

How did they do it? To make a long story short, they first used the comments initiated by the sweater station to create panic in the market, causing the US stock market to lead the decline.

First, they created a terrifying atmosphere.

Then a portion of people would flee, and it was clear that they couldn’t push the situation to this extent with the chips in their hands.

At 5 AM, many people were probably dreaming, unable to react at all, and many were liquidated.

At this time, those who had USDT and the sniper traders would frantically buy at the bottom, leading to long lower shadows on various targets.

In just a few minutes, many people's fates were rewritten like this.

What I’m saying may not be very precise, but the logic is roughly like this.

The market had been stagnant for too long, and in the past few days, only the Binance system was stirring up trouble. Foreigners might not understand Chinese coins, so they don’t participate; the CX chain is too short, and if they can’t connect with CX, they simply don’t exist. Things that foreigners don’t engage with seem to lack longevity; inscriptions are like this, and so are Chinese coins.

This massive liquidation at this critical moment, I think, is actually a good thing.

The cognitive gap has appeared, are you all willing to take action?

Wish you all wealth.