The liquidation situation of the Crypto market in the past 24 hours

Bitcoin (BTC): A liquidation level of up to 143 million USD has been recorded in just 24 hours. The entire Crypto market: Total liquidation value reached 661 million USD, with Long orders being "wiped out" due to strong fluctuations.

Observations on MM (Market Maker)

In an uptrend market, Market Makers (MM) often do not favor investors using leverage (Long/Short) because:

1️⃣ They do not create real value for the market.

2️⃣ They weaken growth and can easily cause strong fluctuations.

MM always has their own strategy – creating volatility to sweep orders and maximize profits. "Gambling means just waiting to be served" is their way of "picking up money".