暴跌撿漏
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👍A sharp drop is often a good time to pick up corpses
I have a reminder that when BTC falls by more than 7% within 4 hours, it will trigger the ringtone of my mobile phone that I never turn off.
Then I will quickly go to the computer to operate. Yesterday's operation:
1. Closed all 0628 BTC inter-period arbitrage positions, which have realized most of the profits. Then exchanged BTC spot for FDUSD to mine Launchpool.
2. Yesterday, PAXG (a stable currency linked to gold) was affected by the news of Iran's rocket launch. Many retail investors in the currency circle who don't understand gold rushed to generate premiums. The trading price of PAXG last night was once 20% higher than the closing price of gold on Friday. After I saw it, I immediately went to see if PAXG had a contract. After finding that there was a contract on Bybit, I shorted 650,000 dollars of PAXG at a cost of about 2633. This part of the position has not been closed yet. I will wait until the international gold market opens on Monday before closing the position.
A big drop is often a good time to pick up free money, because retail investors will panic and market makers will reduce pending orders to prevent inventory risks, resulting in liquidity shortages. The combination of the two creates many opportunities to "pick up corpses."
I have a reminder that when BTC falls by more than 7% within 4 hours, it will trigger the ringtone of my mobile phone that I never turn off.
Then I will quickly go to the computer to operate. Yesterday's operation:
1. Closed all 0628 BTC inter-period arbitrage positions, which have realized most of the profits. Then exchanged BTC spot for FDUSD to mine Launchpool.
2. Yesterday, PAXG (a stable currency linked to gold) was affected by the news of Iran's rocket launch. Many retail investors in the currency circle who don't understand gold rushed to generate premiums. The trading price of PAXG last night was once 20% higher than the closing price of gold on Friday. After I saw it, I immediately went to see if PAXG had a contract. After finding that there was a contract on Bybit, I shorted 650,000 dollars of PAXG at a cost of about 2633. This part of the position has not been closed yet. I will wait until the international gold market opens on Monday before closing the position.
A big drop is often a good time to pick up free money, because retail investors will panic and market makers will reduce pending orders to prevent inventory risks, resulting in liquidity shortages. The combination of the two creates many opportunities to "pick up corpses."
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#暴跌撿漏
#加密市场大跌
#爆仓数据
According to Coinglass data, as of 8 AM on December 10th, the total liquidation amount in the past 24 hours across the entire network reached $1.716 billion. Among them, the liquidation of altcoins reached $1.296 billion, BTC liquidation was $178 million, and Ethereum liquidation was $241 million.
With this wave, I don't know how many accounts have gone to zero! I have been reminding my friends to pay attention to risks and not to be blinded by the crazy rise of the bull market! The spike has arrived as expected!!!
Around 5:04 AM this morning, the crypto market experienced significant volatility, with BTC dropping from about $96,400 to around $94,200, and then quickly rebounding to around $96,000, with a fluctuation of over $2,000 within 10 minutes.
ETH dropped from around $3,730 to about $3,510, and then quickly rebounded to around $3,710, with a fluctuation of over $200 within 10 minutes. SOL dropped from around $220 to about $203, and then quickly rebounded to around $220, with a fluctuation of over $15 within 10 minutes.
About a dozen minutes later, around 6:20 AM, there was another significant fluctuation, with BTC fluctuating over $2,000 within 10 minutes. ETH fluctuated over $100 within 10 minutes.
It is said that bull markets have many drops; I feel that today’s wave does not indicate the end of the bull market, but that the whales are washing out the positions, liquidating contracts and harvesting the retail investors! Although hoping for a V-shaped reversal, the rise after 8 AM feels more like a rebound from an oversold position, and I don't see a possibility of a reversal in the short term. I fear that a bigger storm is coming!
In fact, I am really not afraid of spikes; I am more afraid of a few more months of slow declines, which would be torturous!
I mentioned earlier that I have reduced a significant portion of my positions; I have also executed a few trades during the spike, taking it slow and gradually adding back to my positions! I feel that I can never guess where the bottom is, as long as I believe the bull is still there, we still have hope. As long as the price is lower than the sell-off price, I think it's worth it!
$BTC
$ETH
$BNB
#加密市场大跌
#爆仓数据
According to Coinglass data, as of 8 AM on December 10th, the total liquidation amount in the past 24 hours across the entire network reached $1.716 billion. Among them, the liquidation of altcoins reached $1.296 billion, BTC liquidation was $178 million, and Ethereum liquidation was $241 million.
With this wave, I don't know how many accounts have gone to zero! I have been reminding my friends to pay attention to risks and not to be blinded by the crazy rise of the bull market! The spike has arrived as expected!!!
Around 5:04 AM this morning, the crypto market experienced significant volatility, with BTC dropping from about $96,400 to around $94,200, and then quickly rebounding to around $96,000, with a fluctuation of over $2,000 within 10 minutes.
ETH dropped from around $3,730 to about $3,510, and then quickly rebounded to around $3,710, with a fluctuation of over $200 within 10 minutes. SOL dropped from around $220 to about $203, and then quickly rebounded to around $220, with a fluctuation of over $15 within 10 minutes.
About a dozen minutes later, around 6:20 AM, there was another significant fluctuation, with BTC fluctuating over $2,000 within 10 minutes. ETH fluctuated over $100 within 10 minutes.
It is said that bull markets have many drops; I feel that today’s wave does not indicate the end of the bull market, but that the whales are washing out the positions, liquidating contracts and harvesting the retail investors! Although hoping for a V-shaped reversal, the rise after 8 AM feels more like a rebound from an oversold position, and I don't see a possibility of a reversal in the short term. I fear that a bigger storm is coming!
In fact, I am really not afraid of spikes; I am more afraid of a few more months of slow declines, which would be torturous!
I mentioned earlier that I have reduced a significant portion of my positions; I have also executed a few trades during the spike, taking it slow and gradually adding back to my positions! I feel that I can never guess where the bottom is, as long as I believe the bull is still there, we still have hope. As long as the price is lower than the sell-off price, I think it's worth it!
$BTC
$ETH
$BNB
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