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Devastating! 100,000 people Get Liquidated, 349 million evaporated overnight, what is hidden in this wave of operations in the crypto world?
Did you sleep well last night? But more than 100,000 people around the world couldn't sleep all night - they got liquidated! 349 million in funds vanished within 24 hours, Bitcoin shorts lost 50 million, and Ethereum shorts lost 110 million. This isn't trading, it's simply a "massacre"!
105,922 accounts were liquidated, with an average of 70 accounts going to zero every minute, a speed so fast that the exchange's system is almost unable to handle it. Some investors shorted with 100x leverage and went "bankrupt" in just 5 minutes, a phenomenon that can be termed as "light-speed liquidation"!
Why is this happening? Greed and blindness. A group of people saw the big pie rise to 120,000 and stubbornly believed it would fall, crazily opening short positions. As a result, the market gave a harsh lesson - remember, the market is always right; it is your judgment that is wrong!
In fact, getting liquidated is also part of the market: without liquidation, where does the liquidity come from? If there are no shorts getting liquidated, how do the longs make money? This is a zero-sum game; your loss is someone else's profit, cruel yet real.
Regulation is likely to take action; such a large-scale Get Liquidated cannot be ignored. However, if the regulations are too strict, the market may lack vitality. It all depends on how to find a balance.
Family, the market is like this, today you may cry and tomorrow you might laugh. But remember: staying alive is the most important! As long as the account is there, opportunities are there. Even if you get liquidated, don't be disheartened, just learn from the lesson.
The charm of the crypto world lies in fairness, regardless of wealth; cognition and luck determine everything. Improve your cognition and manage risks well, and wealth will come!
The most important thing is: don't go against the trend, this time all the short positions got liquidated!