Last night, the U.S. stock market closed for Independence Day, but the crypto market was not doing well. With Bitcoin falling below the 58,000 mark, there is no sign of stopping the decline, and the market is on the road to deleveraging.

In the past 24 hours, a total of 182,154 people were liquidated, with a total liquidation amount of $492 million. The largest single liquidation occurred on Binance - ETHUSDT worth $18.4832 million; in the past hour, the entire network liquidated $128 million, of which long orders were liquidated $125 million.

Cherish life and stay away from leverage. This is the iron law of the financial market. Because for ordinary users, risks will not be hedged, so adding leverage is equivalent to sentencing yourself to death. I believe that students who play contracts have felt it more deeply in the past two days. The crypto market is more risky than the traditional market, so you must pay attention to risks. Only if you survive, there will be a bull market, otherwise what does the bull market have to do with you?