#美国政府停运 💥 500 million USD evaporated in a day! 150,000 people Get Liquidated, what is happening in this market?

The market exploded again in the past day.

Nearly 150,000 accounts were Get Liquidated, with a total amount of $506 million. The longs suffered the most, directly losing 380 million; the shorts didn't fare much better, losing 120 million. The most severe single Get Liquidated occurred on the BTC contract of a major exchange.

In the past two weeks, Bitcoin has been struggling below $110,000. It can't hold on, nor can it rise.

Short-term players can't hold on anymore. Panic spreads like a virus, and more and more people are cutting their losses, causing the market to panic as well. Data agency CryptoQuant concluded directly: This is the most ferocious sell-off since the beginning of this year.

"This continuous loss is either due to high leverage being liquidated or new investors panicking." They said.

The views in the market have now split into two factions.

One faction believes that the selling pressure is nearing its limit, and rebound signals are accumulating. The other faction argues that this is merely a normal adjustment due to institutional position changes and the release of macro risks, with the fundamentals not collapsing. After all, ETF funds are still flowing in, infrastructure is still being built, and the policy front hasn't turned hostile; the long-term logic still holds.

To put it simply: this round of decline is just filtering people out. Those who panic will exit, while those who are steady will wait for opportunities.

The bull market is not over, but the next two weeks will determine whether this cycle is a real adjustment or a false drop.

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