Today BTC violently surged past $120,000, hitting a new all-time high (though it has now retreated to $119,781), Ethereum also rose above $3,000, and even second-tier coin SUI skyrocketed by 12.4% to 810. But behind the celebration is a slaughterhouse—$278 million in liquidations across the network in 24 hours, with 98,800 people buried, of which shorts accounted for $190 million! The largest single liquidation on Bybit was $2.86 million. The most brutal data is from the last 12 hours: BTC shorts liquidated $3.66 million, while longs only $197,000, a liquidation imbalance ratio of 1722%, clearly indicating that the main force is specifically targeting high-leverage shorts.
This guy can be called the 'King of Anti-Indicators' in the crypto world: since March, he has explosively shorted with high leverage four times, accumulating losses of over $25.8 million yet still not stopping. This morning he opened a 40x BTC short position, and as a result, his position was completely wiped out within 3 hours, with 1,743 BTC ($21.1 million) + 33,000 ETH ($10.2 million) liquidated, causing his wallet's floating loss to snowball to $4.6 million. Old Zhu even wants to crowdfund his therapy fees—this market specializes in treating defiance, especially treating 'leverage intoxication'!
The worst part of a bull market is not missing out, but losing your principal right before dawn—if you can keep the green hills, you can laugh and scold the giant whales.
Do you guys think old Zhu makes a good point? Which coin do you have faith in? Let's get the comments section buzzing! Follow old Zhu to dig out the real gold in the crypto world first!
