Looking back to before the bull market in 2021, on that day of March 12th!!!
Nearly 95% of all long investors were liquidated, and the market was filled with wails!!!
Even more exaggerated, those who thought about catching the bottom
were ruthlessly swallowed by the market and also faced liquidation
In the end, only those short sellers remained, only shorting, never going long
But who would have thought that after March 12th, the market would enter an infinite rally mode, capturing these short sellers as well
In the 24 hours following the dramatic drop on the night of March 12th, the total amount of liquidations across the network reached 3.28 billion USD
Equivalent to about 22.9 billion RMB, with over 110,000 people liquidated
And in the extreme market conditions on March 12th, not only were all long positions liquidated, but several major global exchanges also faced certain impacts.
Now, less than a month away from March 12th,
history seems to be replaying itself in a different way
This time, Bitcoin has hardly dropped, while altcoins are plunging more violently than ever, and contract leverage has been completely cleaned out
The massive expansion of altcoins in the past two years has led to a dispersion of funds, making it difficult to trigger a general rally
Thus, the requirements for cryptocurrency investors to choose their sectors will be higher
Some altcoins may never rise again
Until they exit the historical stage, while some altcoins will become more favored by funds, creating huge profits while capital chases hotspots
Currently, this washout process appears to be a quick clean-up before the New Year
Next, it is highly likely that a wave of bullish trends will follow
This will be the final big trend of this bull market.
Scaring away the indecisive long retail investors directly, setting the stage for the next big trend, just like the previous March 12th event
On February 3rd of this year, the market was too ruthless, one needle down was aimed at cleaning up leverage, then it quickly rebounded.
Once the leverage cleanup is complete, we will welcome the true upcoming bull market; missing this wave of the bull market means waiting another four years!
Looking back at the 94 event in 2017, the 312 event in 2020, and the 519 event in 2021.
The market completes one reshuffle after another. Few investors can hold on until the real bull market arrives. In reality, the true bull market has always been a harvest season for a select few.
Daily focus: BNX BNB CAKE
No matter what the trend is, Qige has thoughts on how to operate
Recognizing the trend, finding the right direction, not holding positions, not chasing highs or selling lows
Achieving unity of knowledge and action, only then can you have your own profits in this market
