Since BTC started from 51,000 points on the 26th, there has been almost no pause in the process, and with an unexpected trend, it has strongly exceeded the 60,000 point mark! It reached its highest point of 64,000 points at 1 a.m., just one step away from the all-time high of 69,000 points. This marks the first time in more than two years since November 21 that the pie has reached the 60,000 mark again.
The speed and intensity of the rise this time were unexpected. Many people may have missed the opportunity because the rise was too fast and most people had no time to react before they broke through. However, this is only the initial stage of the big bull market, and more people have failed to get on the bus, providing higher expectations for the subsequent bull market.
The pie broke through 60,000 points, but it was accompanied by bloody storms. Some people are happy and some are sad! At 1 o'clock in the morning yesterday, the pie broke through 64,000 points and then quickly fell back to 58,700 points, triggering a double explosion of long and short prices! The following is the liquidation data.
Within 24 hours, the entire network's liquidation reached an astonishing US$625 million, equivalent to RMB 4.5 billion. For liquidators, this means the instantaneous disappearance of wealth, completing a large-scale wealth transfer. Judging from the proportion of long and short liquidations, the phenomenon of double liquidation of long and short positions is relatively common. This once again proves the cruelty and bloodiness of the currency circle, and reminds all friends to stay away from high leverage and not to become the fuel and spectator of the bull market.
A picture circulated on the Internet yesterday, whether it is true or false, is worthy of being collected and alerted by those with high leverage!
