After briefly breaking the 100,000 USD mark last night, Bitcoin began to enter a downward fluctuation. BTC first dropped sharply from the high of 100,421 USD to about 98,000 USD at 11 PM last night and then saw a large drop to 94,150 USD at 5 AM today, with a maximum drop of 6.25%.
I haven’t found any negative news after looking around. Perhaps it’s just a big holder selling off without thinking. In the past 24 hours, the entire network has seen liquidations of 1.73 billion, with long positions liquidated for 1.56 billion USD, setting a record for the largest single-day liquidation amount in a bull market.
In this round of decline, Bitcoin has not seen much liquidation, with most happening in altcoins. Altcoins are what retail investors love the most, so this drop, which doesn’t seem exaggerated, has already caused many retail investors to lose their principal. Bitcoin’s rebound is now close to 98,000, but altcoins are truly suffering, with many dropping 10% to over 20%. A few days ago, I kept reminding my brothers to pay attention to timely profit-taking on altcoins.
Although the altcoins look like they have dropped a lot this time, many coins are still far from the 20-day moving average. There are still quite a few levels I want to buy at the bottom, and there’s still a long way to go. Currently, it purely looks like a clearing of leverage, punishing those who chased highs. When this position is reached, it will confirm the first wave of correction for altcoins. The expected correction originally set for January has come early today.
Those who have suffered serious losses recently can choose to take a break for a while. The market's future trends will still be influenced by various news events, primarily fluctuating with some declines. Shorting on highs to take profits is the way to go; don’t chase highs or panic sell. Don’t trade with too much emotion; sometimes choosing to reduce positions and rest is also a wise state.
I personally think that since the market has risen for so long, a correction is a normal demand. Profit-taking is necessary; at least the bull market hasn’t ended. Adjust your mindset, and after some time, everything will become clear!
Spot trading does not involve liquidation; focus on what you need to do. Otherwise, staring at those groups all day will scare the retail traders to death, and constantly watching the markets can affect your mood. No one can avoid every drop or firmly catch every rise. Profit and loss come from the same source; only then can you achieve great results! BTC is undergoing a wave of weekly adjustments. Many people will perish before dawn. Even if BTC reaches 1 million USD in the future, if you fall here, it won’t matter to you anymore. Remember to reduce leverage, hold spot positions, and stick to spot trading.
The upcoming market in the crypto space will become even more ruthless and merciless. For contract players, the difficulty level is beyond hell. Boldly predict the upcoming trends: this drop is a simple cleaning of contract leverage. Many people are starting to buy at the bottom, leading to a slight rebound, prompting further buying at the bottom. Before December 18, there will be another drop to clean up long contract leverage, and everyone is thinking about going short after favorable news lands, luring a wave of short positions that will start a large rebound and rise to break new highs.
That’s all I have to say today. During the bull market phase, many people hope to create a free communication space. If you really can’t manage the crypto market on your own, don’t force yourself; come find me to learn. Understand the latest news, strategize, embrace the bull market, improve your odds of winning, and say goodbye to being trapped at high prices. After briefly breaking the 100,000 USD mark last night, Bitcoin began to enter a downward fluctuation. BTC first dropped sharply from the high of 100,421 USD to about 98,000 USD at 11 PM last night and then saw a large drop to 94,150 USD at 5 AM today, with a maximum drop of 6.25%.
I haven’t found any negative news after looking around. Perhaps it’s just a big holder selling off without thinking. In the past 24 hours, the entire network has seen liquidations of 1.73 billion, with long positions liquidated for 1.56 billion USD, setting a record for the largest single-day liquidation amount in a bull market.
Those who have suffered serious losses recently can choose to take a break for a while. The market's future trends will still be influenced by various news events, primarily fluctuating with some declines. Shorting on highs to take profits is the way to go; don’t chase highs or panic sell. Don’t trade with too much emotion; sometimes choosing to reduce positions and rest is also a wise state.
I personally think that since the market has risen for so long, a correction is a normal demand. Profit-taking is necessary; at least the bull market hasn’t ended. Adjust your mindset, and after some time, everything will become clear!
Spot trading does not involve liquidation; focus on what you need to do. Otherwise, staring at those groups all day will scare the retail traders to death, and constantly watching the markets can affect your mood. No one can avoid every drop or firmly catch every rise. Profit and loss come from the same source; only then can you achieve great results! BTC is undergoing a wave of weekly adjustments. Many people will perish before dawn. Even if BTC reaches 1 million USD in the future, if you fall here, it won’t matter to you anymore. Remember to reduce leverage, hold spot positions, and stick to spot trading.
The upcoming market in the crypto space will become even more ruthless and merciless. For contract players, the difficulty level is beyond hell. Boldly predict the upcoming trends: this drop is a simple cleaning of contract leverage. Many people are starting to buy at the bottom, leading to a slight rebound, prompting further buying at the bottom. Before December 18, there will be another drop to clean up long contract leverage, and everyone is thinking about going short after favorable news lands, luring a wave of short positions that will start a large rebound and rise to break new highs.
I’ve been preparing for a divine trade setup that is about to start in the next few days!!!
Comment 168 to get on board!!!
Impermanence brings impermanence brings impermanence!!!
Important things must be said three times!!!
#PEPE市值新高 #山寨季将持续多久？ #MicroStrategy增持BTC
