#年底牛还熊？ The Bull Market Arrives Before Violent Liquidation of Contract Leverage

Before the bull market of 2021, 100% of long positions were liquidated through 312, meaning that on that day, all long positions were 100% liquidated, and even most short sellers, seeing the decline was too severe, attempted to catch the bottom and were also liquidated.

The remaining were the short sellers, professionals who never took long positions, and this group was ultimately taken away by the endless surge after 312.

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The 2017 bull market was even more pronounced, as almost all investors in the crypto space were from the country. As a result, after 94, not only was there a massive liquidation, but all domestic exchanges were essentially relocated, and the spot traders all liquidated their holdings. After selling out their chips, there was no place left to buy.

As a result, two months after 94, Bitcoin and many altcoins skyrocketed, with Bitcoin directly rising to nearly $20,000..

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Summary: The harsher the wash, the stronger the subsequent rise. $BTC