How many people's sky has collapsed when they woke up today?

How many people's positions evaporated instantly after waking up?

But if you look closely at the decline of Bitcoin, it is not big, and even the decline of Ethereum is not much, but the performance of altcoins is terrible.

According to the data this morning, 570,000 users have been liquidated in the past 24 hours, and the amount and number of people are far more than the 312 incident.

Combining this information, what can you speculate?

First, this is good news.

Because despite the large-scale liquidation, Bitcoin is still strong, which shows that the consensus of Bitcoin is still very strong, and the holders of crypto assets are much more than on 312.

Although the number of liquidations and the amount are large, the depth of the market is also deepening.

Second, it is still good news.

Because the liquidations are mainly two types of people:

Highly leveraged players and altcoin holders, you can understand that this is to clean up those investors who are not firm in their belief in Bitcoin.

And after this wave of deleveraging, Bitcoin's upward channel will become healthier, just like a dog shaking off the water after taking a bath.

There has always been an unspoken rule in the market:

When Bitcoin rises, Ethereum will follow suit, but the increase will be small; when Ethereum rises slightly, altcoins will not move.

When Bitcoin falls slightly, Ethereum will fall more sharply, and when Ethereum plummets, altcoins will plummet.

Old investors have a deep understanding of this rule, and today is no exception:

Bitcoin fell by about 3%, Ethereum fell by 6%, the leading altcoin fell by 10%, and some small altcoins plummeted by more than 20%.