With just a short needle, 100 million dollars turned to ashes! The long position brothers are completely kneeling...
The market has just staged a bloody drama again — with just one needle, 100 million dollars in long positions was wiped out!
The data is clear:
In the last 24 hours, 200,000 people across the network were liquidated, with a total liquidation amount reaching 937 million dollars.
Among them, long positions suffered a brutal slaughter, with both ETH and BTC exceeding 100 million dollars in liquidations.
The largest single liquidation hit BTC directly, amounting to 10 million dollars, instantly wiped out!
This is the brutal reality of the cryptocurrency world:
You thought the main force would push the price up, but instead, one needle took out all the people chasing long positions;
You thought the shorts were a sure win, but then they were suddenly pushed up.
Reminder: The current market is a typical high volatility, strong liquidation phase; the main force can determine your profit and loss with one needle.
At this time, blindly going all in is like using bullets to pay tuition to the market.
Steady approach: Control your position, don't be greedy with large positions. Keep funds, don't get wiped out in one go. Wait for the trend to confirm before taking action.
If you want to learn more about cryptocurrency news, want to know the direction of the next wave of market, stay tuned to the rhythm, flip positions and enjoy the profits!!!