Crypto markets continued to fall over the weekend of April 13.
BTC has been falling for two consecutive days, from $70,000 to $60,660, and is about to fall below $60,000; the current V has returned to around $64,000.
I don’t know what the market will be like when I wake up tomorrow morning. Will it continue to fall, rise again, or go sideways?
The crypto market has continued to fall in the past two days. It is really a black weekend.
The price of RMB to USDT has been rising all the way, from 7.32 the day before yesterday to 7.43 yesterday, and to 7.53 this morning.
Some people are replenishing, while others are buying at the bottom.
In the last 24 hours, the contract liquidation amount was US$980 million, involving more than 260,000 people, including 787 million long orders and 192 million short orders;
The largest single liquidation order occurred on Binance BTCUSDT, worth US$8.4613 million.
The market is in a terrible state, and the international situation has a significant impact on the stock market and the cryptocurrency world.
After two days of continuous decline, the group also stopped moving.
After the market fell on Saturday, some people bought the bottom or opened long orders, but they did not expect that the market would continue to fall on Sunday, so they were trapped in the bottom-fishing and their contracts were liquidated. Some people lost hundreds of thousands of yuan, and some lost millions of yuan.
A friend of mine made a lot of money some time ago. He made hundreds of thousands of yuan from Binance's new listings and hundreds of thousands of yuan from the new coin market. Now, due to an extreme market situation, he has withdrawn from the market and his profits have returned to zero. He is now holding a long position and does not know what the market will be like tomorrow.
There is also a player on Twitter who opened a long position in PEPE. The market conditions in the past two days caused his position to be liquidated, and his $1 million was reduced to zero. Now he has the heart of a ZS.
He said he had no friends and cryptocurrency was everything to him, but it all went to zero overnight and it was too late to regret.
Traders in the crypto market stare at the screen every day and keep an eye on the market at all times, but the profits they earn through hard work are no match for an extreme market situation, and their contracts are blown up in a matter of seconds.
Although spot players did not lose money, they lost one-third of their wallet balance.
The jokester is joking. Don’t open your BN and OK platform accounts these days. There is a login fee. You will be charged every time you log in. It’s really unbearable.
Chuxiao Chain is all spot goods. I lost 14% in two days over the weekend. I really don’t have a good mood to spend the weekend.
I have been in the crypto market for more than three years, and I still cannot keep calm when facing extreme market conditions.
The first time I experienced a big drop, I was in a hurry to sell my stocks to stop the loss, but the stocks went back up the next day; or I added to my position when the stocks fell, but I was trapped again. I don’t know whether it is an opportunity or a risk this time, so I will keep my position for the time being.
Some people have faith in the crypto market and firmly believe that BTC is the future; some people just speculate and leave when they earn the target profit.
Doing swing trading and financial management, participating in new listings on various platforms, the ultimate goal is to obtain more returns.
I watched my wallet balance decrease, felt depressed, and reflected on my gameplay.
In the crypto market, wealth increases quickly but shrinks even faster. Profits of hundreds of millions or even tens of millions can be wiped out in a short period of time and wealth can return to zero.
With every big fluctuation, you can only adjust your own form and either continue or leave.
Respect the market and wait for opportunities.
The above is just my personal opinion, not investment advice. I am Chu Xiaolian, and I am paying attention to the crypto market and web3.
