#1210超57万人爆仓

In the early morning, most contracts were probably liquidated!

I can only say it's too ruthless. In a bull market, spike events mainly serve to liquidate contracts, which is why experienced traders always emphasize that small positions in contracts are fine, but the majority of positions should be in spot trading. During a spike, spot trading might only feel a bit painful, just that once! But contracts are different; those who do not use stop-losses can only face liquidation!

This wave of liquidations is even harsher than during the 312 incident. The 312 data showed that only 100,000 people were liquidated, but this time, the spike event directly led to the liquidation of 570,000 people! This also reflects human greed. Spot trading may be slow, but it is stable! Contracts may be fast, but the risks are also very high. In short, I urge everyone to prioritize spot trading, with contracts as a supplement, and always use stop-losses when trading contracts!