Starting from early this morning, all cryptocurrency traders' phones went crazy! Bitcoin plunged below $85,000 overnight, Ethereum was halved to $2,100, and the total liquidation amount across the network exceeded $1.2 billion—this 'Black Monday' in cryptocurrency is educating every speculator in the bloodiest way possible.
Now, 85% of transactions in the crypto world are leveraged gambling, with one exchange even offering a 125x devil contract. Last night's crash did not require any major negative news; as long as the price fluctuates more than 5%, it triggers a death spiral of consecutive liquidations, which is the most terrifying financial nuclear bomb.
️【Warning】The 2018 94 tragedy and the 2021 519 crash are repeating the same pattern: when even the square dance aunties start discussing Bitcoin, it's time for capital to reel in. Remember: no digital currency has a central bank backing it, and a market with no 24-hour price limit is essentially a global casino.
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