#暴跌撿漏
According to Coinglass data, as of 8 AM on December 10th, the total liquidation amount in the past 24 hours across the entire network reached $1.716 billion. Among them, the liquidation of altcoins reached $1.296 billion, BTC liquidation was $178 million, and Ethereum liquidation was $241 million.
With this wave, I don't know how many accounts have gone to zero! I have been reminding my friends to pay attention to risks and not to be blinded by the crazy rise of the bull market! The spike has arrived as expected!!!
Around 5:04 AM this morning, the crypto market experienced significant volatility, with BTC dropping from about $96,400 to around $94,200, and then quickly rebounding to around $96,000, with a fluctuation of over $2,000 within 10 minutes.
ETH dropped from around $3,730 to about $3,510, and then quickly rebounded to around $3,710, with a fluctuation of over $200 within 10 minutes. SOL dropped from around $220 to about $203, and then quickly rebounded to around $220, with a fluctuation of over $15 within 10 minutes.
About a dozen minutes later, around 6:20 AM, there was another significant fluctuation, with BTC fluctuating over $2,000 within 10 minutes. ETH fluctuated over $100 within 10 minutes.
It is said that bull markets have many drops; I feel that today’s wave does not indicate the end of the bull market, but that the whales are washing out the positions, liquidating contracts and harvesting the retail investors! Although hoping for a V-shaped reversal, the rise after 8 AM feels more like a rebound from an oversold position, and I don't see a possibility of a reversal in the short term. I fear that a bigger storm is coming!
In fact, I am really not afraid of spikes; I am more afraid of a few more months of slow declines, which would be torturous!
I mentioned earlier that I have reduced a significant portion of my positions; I have also executed a few trades during the spike, taking it slow and gradually adding back to my positions! I feel that I can never guess where the bottom is, as long as I believe the bull is still there, we still have hope. As long as the price is lower than the sell-off price, I think it's worth it!