Has the market already been slaughtered?

The market suddenly reversed after 5 o'clock, as the earnings results of global large corporate groups far exceeded expectations.

According to data, within less than 11 hours from the opening of the US stock market, as much as $770 million has been liquidated, with 243000 traders forced out.

Leading the way are familiar names Hyperliquid > Bybit > Binance.

Bitcoin > Ethereum > SOL > Trump > Hype are ranked at the top of the liquidation list.

Prices once dropped close to the previous low of 106K. Is this a rebound or a continued decline? What does everyone think?