Mainly long positions are being liquidated again. Recently, the market has indeed been experiencing severe wash trading, with longs and shorts repeatedly getting washed out, and no one can escape! According to CoinGlass data, over 181,000 people were liquidated in the past 24 hours, amounting to as high as $520 million, of which long positions accounted for $350 million and short positions for $170 million!

Bitcoin oscillated upwards from 95,700 yesterday, reaching 98,200 this morning, and everyone was wondering if it would hit a new high. Suddenly, it dropped directly to around 94,900, a decline of 3,300 points, and those who went long must have been stunned again...

This morning, Bitcoin at 98,000 was clearly marked for everyone to go short. To be honest, I ran away after hitting 96,000, just a mere 2,000 points. I didn't dare to think about 95,000, and no one knows how much they actually made.

Ethereum surged to around 3,766 in the morning, then started to decline, testing a low of around 3,590. In this market, do not chase the rise and kill the fall. Wait for a while to stabilize, and in the evening, the main thought is to go long at lower levels!