Recently, the cryptocurrency market has experienced severe fluctuations, leading to frequent liquidation events, especially in long positions. According to the data, the total liquidation amount across the network in the past 24 hours reached 487 million USD, with long position liquidations accounting for the majority. This volatility is primarily influenced by the decline in Bitcoin and Ethereum prices, with BTC briefly dropping below the 98,000 USD mark, while ETH also saw a significant pullback. Market sentiment is bleak, and many investors have been severely impacted by leveraged trading, particularly with the liquidation of altcoins being even more serious, revealing a lack of risk management in the market. Overall, after experiencing a short-term surge, the market is currently in an adjustment phase, and investors need to respond cautiously to future price fluctuations.

Conclusion Bull market continues

Continue holding 96,000 big cakes, bull market continues

Don't be afraid of 3,600 Ethereum, bull market continues