$BTC

Woke up to find the sky has fallen.

It's been a long time since I've seen a decline of this scale and magnitude. Only 4 assets on the entire platform have increased, including the new coin $MOVE . No need to mention the selections, they are all down, and many have double-digit declines. Although all are spot trades, the accumulated gains from a long time have suddenly vanished.

One can imagine that many long contracts in the entire market have been liquidated. I hope this decline is just a small episode in the bull market process and that the overall trend will continue to rise. This crash also reminds us to control leverage and positions well; if one cannot handle extreme market conditions or does not grasp them well, it's better to hold on to spot assets firmly.