Over $100M has been liquidated in the last hour alone.
The truth is, almost everything in the world has become a business. From war to peace, someone is always making money. Some profit from conflict, others build an image of “peace” and still turn it into profit.
The crypto market works in a similar way. First fear spreads. When people start believing the market will drop, most traders rush to open short positions. Then suddenly the market moves up, shorts get squeezed, and a lot of traders get wiped out.
In situations like this, it’s better to stay away from futures trading for now. If you are buying in spot, focus on strong projects so even if you get stuck, there is still hope for recovery later.
And one more thing ، stay away from dead projects.