In the last 24 hours in the crypto market, 230,000 people have been liquidated,
with a total of 236,469 people liquidated globally, amounting to $693 million,
with the largest single liquidation occurring on Binance - ETHUSDT
valued at $17.7449 million.
Every time there is a drastic drop or surge, a large number of liquidations occur,
whether going long or short, it all ends up at zero.
It doesn't matter if it's new players practicing or trading veterans, they are all liquidated 😂
There is a big player on Twitter who once made a $10 million profit on contracts,
but in extreme market conditions, they also lost money, with profits retracing by 80%.
Those who make money on contracts and leave the market in time are the ultimate winners,
but most people cannot do this; contracts can easily become overwhelming.
The same applies to the on-chain primary market MEMEs.
If you manage to get in, hundreds of times is not out of the question,
but if you don't cash out, it will ultimately go to zero.
Only less than 1% can break out; most end up at zero.
Every day, hundreds of MEMEs are deployed on-chain,
and only a very small number can rise.
If you participate in each one,
and one rises, it's 100 times, but the trial and error cost is too high.
Selecting certain MEMEs to participate in,
there's a high probability that the ones you don't buy will rise, while the tokens you bought will go to zero.
Today #加密市场回调
$BTC fell to 95k, $ETH fell to 3300,
short-term spot trading is too difficult.
Or slow is fast; be a long-term holder and don't rush.
An old OG has a strategy of buying the dip with coin-based positions,
so there's no need to rush on the ups and downs.
What is your gameplay strategy?
