Give you a like 👍

Yesterday, over a hundred thousand 'retail investors' were ruthlessly harvested! The Bitcoin market suddenly changed, and the price plummeted like a free fall, causing more than 170,000 people to helplessly face liquidation.

Not only Bitcoin, but the entire cryptocurrency market is in despair, with other currencies also suffering significant declines. Ethereum and SOL both dropped over 8%, while Dogecoin fell nearly 11%, leaving the market bleak.

Amidst the violent price fluctuations, the liquidation amount continues to rise. Statistics show that in the past 24 hours, the total liquidation amount in the cryptocurrency market reached a staggering $539 million, with the wealth of over 171,000 people evaporating in an instant. This harsh reality serves as a reminder that contract trading carries enormous risks, and is not a field that ordinary investors can easily enter.

In the face of such a volatile market, investment strategies become particularly crucial. It is advised that everyone invest only with spare funds, and consider holding some spot assets, as this can relatively reduce risks.

It is worth mentioning that in the primary market, there is a little golden dog themed around Musk named Marvin, which has been gaining momentum recently. It has attracted the attention of industry giants Vitalik Buterin and Elon Musk, as if injected with strong motivation, the future development potential seems limitless, and the day of 'takeoff' does not seem far off. However, investment always comes with risks; even if the prospects seem bright, investors must remain rational and cautious, thoroughly understand the project details, weigh the pros and cons before making decisions, and must not blindly follow the crowd to avoid repeating the fate of those who faced liquidation.