Today, a historic liquidation event of 19.2 billion USD occurred. Looking back, BTC only dropped by 15%, and the MA120 hasn't even confirmed a break.
If it continues to test again, or directly turns bearish, I can't even imagine how the altcoins will fare.
I took a glance at the forum, and it's a scene of carnage. Regardless of whether they are so-called top traders or major KOLs, those who faced massive liquidations share a common trait:
High leverage + no stop-loss.
The sun will rise again, and the coin price will return, provided we can survive until that day.
Cherish your capital, respect the market, cut losses in time, and stay away from contracts. 🙏
$BTC
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