Last night, there was an intense showdown between many big players on the chain, and some high-leverage (50x+) gamblers were forced to repeatedly add positions due to the severe volatility. Currently, some positions are floating losses of about 1.2 million, highlighting the high leverage risk in extreme market conditions!
BTC broke through 110,000, and this round of increase is mainly driven by institutional funds, while retail investors generally missed out. The continuous accumulation by institutions indicates a strong recognition of BTC's long-term value in the market, and the short-term FOMO sentiment is likely to further push up prices~
If BTC stabilizes at 110,000, funds may spill over into altcoins, bringing opportunities for a rebound. Whether BTC can stabilize is uncertain; if it corrects, it could trigger an overall market adjustment, so contract risks are significant!
