💥 Over $228 million Get Liquidated in 24 hours! Bulls and bears are fiercely fighting, market volatility intensifies further!

According to PANews, Coinglass data shows that in the past 24 hours, the crypto market has experienced a fierce fluctuation, with a total of 228 million USD in liquidation across all contracts! Among them, longs were liquidated with a total of 166 million USD, while shorts were not far behind, being liquidated with 62 million USD.

📉 BTC and ETH are under the most significant selling pressure:
Bitcoin (#BTC ) Get Liquidated Amount: $27.97 million
Ethereum ( #ETH ) Get Liquidated Amount: $25.98 million

✨ What happened behind this market trend?
1️⃣ Market sentiment is volatile: Recent US economic data and the upcoming release of CPI have made investors more cautious, intensifying the market's long and short game.
2️⃣ High leverage leads to a wave of Get Liquidated: The current high leverage trading environment has caused a large number of Get Liquidated events even with slight market fluctuations.
3️⃣ Whale Rebalancing: Institutional investors may take advantage of market volatility to rebalance, further intensifying the volatility and liquidating retail investors.

📊 What should we pay attention to next?
Leverage control: Regardless of the bull or bear market, excessively high leverage is prone to 'liquidation' by the market. Properly reducing the leverage ratio can avoid being washed out. Observing the change in long and short forces: Currently, the number of long positions getting liquidated far exceeds the number of short positions. It is still necessary to pay attention to the subsequent data releases and policy trends to see if the market will further adjust. More stable long-term layout: Short-term volatility is hard to avoid, but for investors who are optimistic about the future, the current fluctuations may be a good opportunity for long-term buying.

🔥 After the contract Get Liquidated trend, where will the market go next? Is it to repair or to a greater volatility? What do you think?

‍#加密市場 #合約交易