On November 25th, a significant signal at Shian Square: Bitcoin (BTC) prices once again show roller-coaster-like fluctuations, the centralized exchanges (CEX) experience an upgraded dual-kill market, with the total liquidation scale aiming at the 3 billion USD mark. Countless leveraged traders are forcibly liquidated, and market panic spreads.
The cryptocurrency market has recently been in a high volatility cycle, with BTC prices repeatedly oscillating at key levels. Coupled with macro sentiment and technical conflicts, leverage bubbles continue to face pressure. This liquidation wave covers mainstream CEX platforms, with both long and short positions concentrated in forced liquidations. There are both high-flying longs suffering from being 'chopped off' and shorts being 'exploded' by rebounds, perfectly replicating the cruel law of 'one day in the crypto world is equivalent to a year in the human world.'
Looking back at October's 'Black Saturday,' which set a record with $19.3 billion in liquidations during extreme market conditions, we are now sounding the alarm again with a $3 billion liquidation warning. The current market leverage remains high, and the liquidity vulnerability of CEX order books is prominent, making short-term fluctuations likely to trigger a chain of liquidations.
Reminder to investors: high leverage is a double-edged sword; the stop-loss mechanism may fail during market fluctuations. Respect the market and control your positions to survive. Subsequently, closely monitor the performance of key support levels for BTC and the impact of Federal Reserve policies on the cryptocurrency market.
