The recent decline in the market is mainly due to those who were previously bullish and had been hoarding coins starting to sell off, and the market is struggling to hold on.
Everyone was originally hoping that Bitcoin could break through the $100,000 mark, but the bearish forces are pressing down hard. With this drop, the entire crypto community has exploded, and many friends in the crypto space have seen their wallets cleared out.
According to statistics, as of now, the total amount of liquidations across the entire network has reached $551 million, affecting tens of thousands of people, with one large order on Binance losing over $4.67 million—it's truly a sight to behold.
I will share more market advice and strategies from time to time in the chat room.
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