After Bitcoin rebounded from a high of $98,000 to $102,000 yesterday, it started a new wave of decline, with the lowest price falling to $95,682 around 5 a.m. this morning. At the time of writing, it was reported at $97,707, down 3.85% in the past 24 hours.
$1 billion liquidated in the past 24 hours
On the other hand, according to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidations reached US$1.003 billion, with long positions liquidating US$859 million, accounting for the majority, and short positions liquidating US$169 million. More than 300,000 people were liquidated.
“The price keeps falling? Now is a good time to buy at the bottom! How to make accurate layout when the price of the currency is low and make a lot of money!”
The harder it falls, the more you buy in: it is actually a chance to rebound. A strategy to buy more assets when the market is down. The basic idea behind this strategy is: if you believe in the long-term value growth of a crypto asset, then buying it when the price falls is actually an opportunity to "buy low and sell high". However, in practice, this strategy has both potential and risks, and multiple factors need to be considered to make a decision.
You don't buy when the bull market falls
When to buy?
Buy when FOMO reaches the top of the mountain?
You must not be "praised to death, cut in vain"
ORDI is popular, and some people speculate on SATS, saying that they are grabbing the leading position
GOAT is popular, the East is talking about ACT, the West is talking about FARTCOIN
VIRTUAL is popular, and more AI will soon appear
As a result, the leeks are exhausted and ragged. PVP games have evolved from conspiracy to scale. If you just want to simplify it, you can only focus more on the top and most capable people and projects.
Some recent important news:
1. Federal Reserve Chairman Powell said that the Federal Reserve is not allowed to hold Bitcoin and has no intention of changing relevant laws.
2. South Korean Deputy Prime Minister Choi Shin-soo pointed out that the government has a positive attitude towards cryptocurrencies, has decided to postpone the implementation of crypto taxes, and is formulating new regulatory policies focusing on customer protection and the legal attributes of cryptocurrencies.
3. MicroStrategy co-founder Michael Saylor said the company will focus more on fixed-income securities to raise funds for purchasing cryptocurrencies.
4. BlackRock pointed out that in the context of rising inflation, government bonds are no longer an effective buffer against the sell-off of risky assets, and investors should consider gold and Bitcoin as new diversified investment options.
Keep steady when reversing to pick someone up, the Trump family is trapped!
The market fluctuations have made many people panic, but look at the Trump family’s operation—90% of their funds are heavily invested in Ethereum. Even though they were trapped, they dared to cover their positions yesterday despite the sharp drop! This is not the courage that ordinary players can have.
Why not panic?
1️⃣ The boss will be trapped with you
It is not just ordinary people who are trapped, but also one of the most powerful people in the world. If you are trapped with the Trump family, this is your chance to be on an equal footing with top capital in your lifetime!
2️⃣ Cultivation and concentration
The Trump family bought coins despite the sharp drop, which shows that they are still confident in the future market. At this time, reversing to pick up people and keeping a stable mentality is the highest level of leeks' cultivation.
Summarize:
Being trapped is not scary. With the Trump family by your side, why fear short-term market fluctuations? After a while, the people who open their phones to call orders may be these people who "reverse to cover their positions"!