🩸 $1 billion in funds evaporated! Bitcoin crashed below $80,000, and 96,000 retail traders got liquidated overnight!

Last night and this morning, the crypto market went through a “bloody baptism.” Bitcoin lost the $80,000 level on the short term, triggering a chain reaction of panic selling. In the past 24 hours, more than 96,000 investors across the entire network were liquidated, and the total liquidation amount in a single day reached several hundred million dollars.

High leverage boomerang: Previously, market sentiment was overheated, and a large number of retail traders opened high-leverage contracts to go long. Once the price pierced downward, they were instantly wiped out in one go.

Macro panic: Clouds of a trade war and reduced expectations for Fed rate cuts weighed on the U.S. stock market, and the crypto market suffered the same fate.

In the coin world, where swings of more than ten percent happen routinely, high leverage is suicide. When the trend is unclear, going in without a position is not wrong—preserving capital is the way to go.
#Gate广场五月交易分享 #比特币市占率回升至58.5%