Everyone doesn't have to worry about whether it will drop before the New Year; this round of consolidation is likely the last major consolidation before the New Year.
In the past 24 hours, the total liquidation across the network reached $1.712 billion, possibly setting the highest record for this bull market.
According to BlockBeats news on December 10, Coinglass data shows that in the past 24 hours, the total liquidation across the network was $1.711 billion, possibly setting the highest 24-hour liquidation data for this bull market, with long positions liquidated at $1.55 billion and short positions liquidated at $162 million.
From a technical perspective, this round of consolidation is nearly finished, as bull market consolidations do not last long before rebounding. We can see from this round of consolidation which coins are strong, and their subsequent breakout will be even stronger.
