Bear market accelerator or meat grinder? Last night, the data showed that 180,000 people were liquidated!
I just saw the data and was shocked! In the past 24 hours, the market was in chaos, with nearly 180,000 people forced to liquidate, and $594 million evaporated in an instant. Among them, the brothers who went long suffered the most, contributing over $500 million in losses. A large Bitcoin order on Binance was wiped out by 11.58 million, it was really brutal.
I have to praise Tianji here; fans of Tianji followed his strategy yesterday and made a profit of 200 points, with the least earning $80. Those who followed Tianji's analysis article yesterday should have also profited, so it's very important to follow the right person in this market.
Let me share my views. This drop is not an isolated event; the entire market is declining. Bitcoin itself has dropped nearly 3%, now below 86,000; Ethereum is even worse, falling below 3,000. It feels like the market is surrounded by an atmosphere of "extreme fear." This liquidation was so fierce, I estimate it's mainly because many people saw increased market volatility and used too much leverage; as a result, they were "swept out" as soon as the price trembled.
The impact on the market will mainly be a short-term liquidity shock, and a large number of people are trapped, making the resistance to rising even greater.
What should players do?
First, don't get carried away. The market sentiment is "extreme fear," so don't impulsively try to "catch the bottom."
Second, reduce leverage. The bloody lesson is here; high-leverage contracts are a "wealth crushing machine."
Third, watch more and act less. Today, there is an important employment report to be released in the U.S.; this kind of macro bomb could ignite the market at any time, so hold off on actions until the situation becomes clearer.
Want to know how I, Tianji, led my brothers in the village to avoid pinning and precise ambushes? Follow Tianji and participate in every attack of Tianji's villagers! Tianji will announce specific entry times and real-time news in the village every day!
