Bull market is over!!!
Over 1.7 billion liquidated across the entire network in 24 hours, with 1.2 billion in altcoins liquidated. This spike primarily targeted altcoins; my two contract accounts have also gone to zero. Fortunately, I didn't have too many small positions. Over 500,000 people across the network have been liquidated.
In a bull market, spikes are normal. After all, when the market is heavy, the market makers naturally need to wash out the contracts. So just hold onto your spot positions. Buy big on big dips, buy small on small dips. When opportunities arise, act boldly; spot holdings are ultimately stable.
Let’s talk about a topic that brothers are concerned about: will it continue to drop?
Such level of spikes is merely to liquidate long contracts. The day will mainly be characterized by adjustments and fluctuations, and the probability of breaking new lows again is 0, so you can confidently bottom-fish for the spot positions you are optimistic about.
Altcoins to bottom-fish: SOL WIF NEIRO AAVE UNI ACT SHIB
Pay attention to tomorrow's CPI data, which will be a turning point for the next wave of market movements.