Looking at the total liquidation data across the network, it is nearly 20 billion USD, which is more than the combined liquidation amounts of historical events like 3.12, 5.19, and the FTX bankruptcy. What does this mean 😱😱😱

It is estimated that many institutions, market makers, project parties, and even exchanges are on the brink of bankruptcy. In the next period, liquidity will definitely run dry, and any slight movement will lead to further declines.

This wave of leveraged long positions has basically been cleared out. In the next 1-2 months, wait for a second testing opportunity and heavily invest in it; the real bull market may be coming.

Historically, before every major bull market begins, there has to be a major cleansing, like 9.4, 3.12, 5.19, the FTX liquidation, etc. I hope this time will be the same.