"Crypto market crash! $1.24 billion in funds gone, investors heartbroken!"

This crypto market crash can be said to be earthquake-level! The prices of Bitcoin and most altcoins plummeted under the impetus of negative sentiment, and the market fell wildly. In particular, Jerome Powell's remarks on whether Bitcoin should become a US reserve asset completely ignited the panic in the market.

Bitcoin once broke through $108,000, but now it has fallen to $93,000, a drop of nearly 9% in 24 hours, a plunge in market value to $107 billion, and a sharp decline in trading volume.

Ethereum is even worse - depreciating by 15%, the price has fallen to $3,150, and it has suffered a drop of nearly 20% in the past 7 days, with a 24-hour trading volume of $69 billion and a market value of $384 billion.

The total market value has also fallen sharply, plummeting by 10.46%, and now only $3.18 trillion.

And the most shocking thing is that $1.24 billion in positions have been liquidated! Of these, $1.07 billion was long positions, almost all of which were liquidated on Ethereum and Bitcoin, exposing that the market's panic has reached its limit.

According to TradingView's technical analysis, the current signals are almost all sell, which is extremely bearish. Multiple indicators show that market sentiment is on the verge of collapse.

The market is volatile, and investors need to stay calm and not be swayed by panic. Who knows whether this wave of decline is a short-term adjustment or a long-term decline? Pay attention to the hunter, keep abreast of market trends, and don't be the last buyer in the market!

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