💥 Liquidation exceeded US$228 million in 24 hours! The fierce battle between bulls and bears has further intensified market shocks!
According to PANews, Coinglass data shows that in the past 24 hours, the encryption market has experienced a wave of violent fluctuations, with the total contract liquidation amount reaching US$228 million! Among them, long positions were liquidated at US$166 million, and short positions were not far behind, with positions liquidated at US$62 million.
📉 BTC and ETH are under the greatest selling pressure:
Bitcoin (#BTC ) Liquidation amount: US$27.97 million
Ethereum (#ETH ) Liquidation amount: US$25.98 million
✨ What’s happening behind this trend?
1️⃣ Market sentiment fluctuates greatly: The recent US economic data and the release of CPI are approaching, making investors more cautious, and the long-short game in the market is particularly intense.
2️⃣ Excessive leverage leads to a wave of liquidations: The current high-leverage trading environment causes a slight disturbance in the market, which leads to a large number of liquidations.
3️⃣ The giant whale's position adjustment action: It is not ruled out that institutional investors take advantage of the market fluctuations to adjust their positions, further exacerbating the volatility and purging retail investors.
📊 What should you pay attention to next?
Control leverage: Regardless of whether it is bullish or bearish, if the leverage is too high, it will be easily "liquidated" by the market. Appropriately reduce the leverage ratio to avoid being washed out. Observe the changes in the strength of long and short positions: Currently, the positions of bulls are far greater than those of shorts. Whether the market will correct further requires attention to the subsequent data releases and policy trends. The long-term layout is more stable: short-term fluctuations are inevitable, but for investors who are optimistic about the future, the current shock may be a good opportunity for long-term buying.
🔥 After the wave of contract liquidation, where will the market go? Is repair or greater volatility next? What do you think?