Last night, this wave of selling was indeed deep, fierce, and ruthless. There is no doubt that those who went long were all stopped out. According to statistical data, in the past 24 hours, more than 195,500 people have been liquidated, with long positions losing 550 million dollars, while short positions only lost 59.25 million dollars. It was a targeted massacre against long positions!

In the face of such a sell-off, all candlesticks and analyses seem pale and powerless. All I can say is, condolences to the bulls. If it were spot trading, there would indeed be no panic; every sell-off allows you to buy in at a lower cost. However, for contracts, one must control their position well. You can stop loss, but you must not be completely liquidated. From the liquidation chart, the bulls have really been cleaned out quite a bit. It is said that in a bull market, the bulls are often deceived before a surge, continuously whipped and cleaned out. But if this continues, and retail investors are all washed out, who else will play?