Over $800 Million Liquidated Across the Network in 24 Hours #BTC #ETH Recently, the cryptocurrency market has experienced significant volatility, with over $800 million liquidated across the network in 24 hours.
CoinGlass data shows that on July 19, the cryptocurrency market collectively corrected, leading to over 180,000 people being liquidated, with a total liquidation amount exceeding $800 million. Bitcoin briefly fell from over $120,000 USD to around $116,788 USD, a drop of nearly 2% within 24 hours. In addition to Bitcoin, Ethereum fell by about 1%, SUI fell by over 6%, XRP fell by over 4%, and ADA fell by over 3%.
The trigger for this liquidation event was the "Guiding and Establishing National Innovation Act for Stablecoins in the United States" signed by the White House the day before. On July 18, local time, U.S. President Trump signed the bill, marking the first formal establishment of a regulatory framework for digital stablecoins in the United States. Affected by this, the cryptocurrency market experienced significant fluctuations, triggering a large number of contract liquidations.
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The trend of airdrops has changed dramatically; don't just 'farm airdrops' anymore. 🟣
Taker has gone live on Binance, but some people wonder why they haven't received airdrops despite having a million points. In fact, many people want to understand farming airdrops; it not only allows you to gain knowledge but also to make money. It is the most economical and effective way for many to enter Web3. However, I personally do not like the term 'farming airdrops', especially the word 'farming', which immediately gives the impression of exploiting or taking advantage of a situation.
So what exactly is farming airdrops? Airdrops are a form of incentive in Web3. Project teams give early users free airdrop tokens or NFTs to attract them to experience their products, test their functions, and engage in their communities. Farming airdrops refers to mass-registering wallet addresses to experience their products, functions, and participate in activities. If certain conditions are met, there is a chance of a future possible return.
Four years ago, farming airdrops was merely a product of a special time; it was because capital needed data, project teams needed users, and users needed opportunities. The three parties came together, and many benefited. However, now project teams and VCs no longer need such 'machine users'. The rules they set are very complex, with 70-80 ecosystems within a single project, and there are some high thresholds. For instance, for Monad, the condition for each account to claim rewards is 0.03 ETH, which left many users with millions of accounts in a bind. So the trend has changed.
I believe that farming airdrops is no longer relevant; instead, we should become Web3 experts. What does this mean? It means relying not on quantity and scripts, but on understanding the logic of projects, making judgments, understanding their rules, and interpreting their data. It’s not just about farming, but about researching and participating in the practical ecosystem. We need to be able to select projects, identify those with potential worth our participation, engage in real interactions, and genuinely use them. It’s not about using tools to exploit opportunities, but about seizing trends, discerning genuine projects from fake ones, and enhancing our understanding. So, can Web3 experts still generate returns? As long as Web3 exists, airdrops will exist. However, the increasing number of rules favors loyal participants, genuine users, and contributors. This is where Web3 experts thrive. Although it won't make you rich overnight, it could provide more long-term and stable opportunities for early participation in multiple projects, leading to long-term value.
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Been exploring new passive income streams on Binance and stumbled upon something super convenient — Soft Staking! 🔥
What is it? Simple: just hold supported crypto in your Spot Wallet, and you start earning staking rewards — no complicated setup, no lock-up period! ✅ You can activate it easily by going to Earn > Simple Earn, and choosing assets with Soft Staking enabled.
The biggest win for me? Full flexibility. I can stake and still trade whenever I want. No more worrying about locked funds or missing out on market moves. Perfect for long-term HODLers and active users alike.
My experience so far has been smooth, and the rewards add up passively over time. It’s literally earning while doing nothing.💤💰 #SoftStaking #Binance #PassiveIncome #CryptoRewards
Recent reasons for the rise of ETH: 1) Expectations for Ethereum ETF approval are heating up; 2) Expectations for Federal Reserve interest rate cuts are boosting risk asset preferences; 3) The active Layer2 ecosystem is driving increased on-chain activity; 4) Record high staking volumes show long-term confidence. 5) The altcoin season is coming.
The ERA token is making waves in the crypto world with its cutting-edge DeFi solutions, ultra-fast transactions, and low fees. Backed by a strong community and innovative technology, ERA is set to redefine decentralized finance.
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#红包大派送 came to Jinan, the market situation hasn't been observed But every day, I can't miss sending out red envelopes Everyone, please help to share more BNB, please rise for me
Tell everyone about two coins that are currently at a low point 🧧 Follow, retweet, like, and comment to receive 🧧follow and rt likes $LAYER structure has shown signs of reversal, we can expect an impact
$OM suitable for short-term scalping trading #山寨币突破
There is a good opportunity waiting for you so don't waste your time to grab the Bigtime coin. Let's go and click thet link to claim your Bigtime coin from there 👉👉 Big time 👈👈 #Bigtime
Today I don't want to write anything. Just gather boxes. 10 boxes every day. 7 days each post is active, always and for the maximum period. Wishing everyone well. 😎 Do a good deed, if you took a box - please like it. If possible, repost. Thank you 🙏💕
The meme coin is indeed quite exhausting. DOGE just touched the resistance of 0.2597; if it can hold steady, there is a chance to surge to 0.35.
Interestingly, last December's market move was led by these four heavyweights (DOGE, PEPE, SHIB, FOLKI), each breaking new highs, and then the entire market followed with a correction. Right now, these few haven't moved much, which seems to indicate some accumulation.
If you don't have any holdings, you might want to keep an eye on it and find a suitable time to pick up some chips. However, when it starts to fluctuate, it's unpredictable; it can rise sharply but also drop hard. When entering, you need to think clearly about how much risk you can bear, and don't let your emotions drive you to go all in.