😎You guys are just getting started, back in 2017 when it was at 94, it was even harsher, it dropped 80% directly, and even the exchanges were delisted 😂The country is striking back 👊🏻

According to Binance News,
the liquidation amount and liquidation data from last night far exceeded the 312 incident where prices dropped 50% in a single day. Yet Bitcoin only dropped by 5%,

because the vast majority of people are playing altcoins, and no one is playing Bitcoin.

I've said before, high returns depend either on high volatility or high positions.

Small capital can only rely on high volatility, and Bitcoin won't have much volatility anymore; that's the essence of having no dividends.

So retail investors with little capital are basically all playing altcoins.

Although everyone denies it verbally, they are all voting with their feet, no longer touching Bitcoin.

Even for altcoins, the volatility is nowhere near what it used to be, so everyone is using leverage, leading to historically high liquidation data.

If you only have a few thousand U or even tens of thousands of U, it's indeed necessary to play altcoins; Bitcoin no longer holds any meaning for you.

Only altcoins still have hope of making you rich,

When you earn over 500K or even 1 million U from altcoins, you should shift to Bitcoin.
Or transfer 80% of your capital to Bitcoin and keep 20% in altcoins.

When you’re short on money, be a bit tougher; when you have money, you should be a bit more cautious.

Finally, one piece of advice: when you are still a beginner, please use leverage cautiously.
First, spend two years learning without leverage, ensuring you can make a profit; only then should you use leverage to survive more easily.