This wave of decline cleared nearly 2 billion leverage, and only 1.1 billion was cleared on August 5, which was the largest liquidation in recent times. After this wave of leverage was cleared, the funding rates of the altcoins have returned to normal.
There is no obvious negative reason for this decline, and the time was chosen at the strange 5 a.m. Comprehensively judging that the main purpose of this wave of decline is to clear leverage, and other so-called reasons are not reasons.
Clearing leverage is to prepare for the subsequent market. After this wave of leverage clearing is completely over, Ethereum and altcoins will usher in an acceleration period. The bull market trend is still there, don't panic, there are negative losses in the spot, just bear it.
Next, if you want to buy the bottom, you should choose two opportunities:
- If Ethereum breaks through 3800 with large volume and stands firm, you can buy the bottom of the altcoin
- If Ethereum hits the bottom for the second time (the second needle before does not count), and falls below 3600 with a small volume, you can buy the bottom of Ethereum or altcoins in batches
When the market is neither up nor down, just lie flat and do not move. Unexplained flash crashes like today are standard in a bull market. It is better to finish the transaction quickly than to be half dead.
If anyone is confused by market fluctuations, does not know how to deal with the situation of being trapped, or feels that they have been misled during the operation, I am Brother Jiu, welcome to communicate
