Cryptocurrency market suffers heavy losses! Dogecoin and Solana experience double-digit declines, the truth revealed!
In recent days, the "cold wind" of the cryptocurrency market has left many investors in pain, especially Dogecoin and Solana, both facing painful double-digit losses! However, analysts believe that there is an important signal behind this - market stagnation due to excessive leverage. Nevertheless, this round of adjustment is seen as a "healthy repair"!
The truth of market fluctuations:
Dogecoin fell 12% to $0.37, Solana dropped 10% to $227, XRP and Cardano also did not escape, almost the entire army was wiped out! The leverage effect is too strong, the market is excessively overbought, and the adjustment was only a matter of time. Bitcoin and Ethereum also could not escape, falling 6.1% and 4.5% respectively. Liquidation data shows that over 180,000 positions were liquidated, with losses reaching $691 million, especially one Binance whale losing as much as $4.67 million!
This adjustment may be a "shot in the arm", preparing for a stronger rebound in the future. In this market "roller coaster", opportunities and risks coexist, the key lies in how you operate. The Federal Reserve and PCE data are about to be released, and short-term uncertainties still exist, keep a close watch!
Regardless, the market is just like this, seize the volatility, and make profits!
Follow Uncle Qian, let him help you see through the market truth, and profit before the trend!
