100k people "evaporate" late at night! Behind the BTC plunge, an abnormal phenomenon is occurring

Last night in the crypto world, it was like a major thriller scene.
After news of the U.S. military attacking southern Iran broke, market nerves instantly tightened; then the White House denied that the U.S. and Iran had reached a memorandum, and risk aversion sentiment further intensified. BTC continued to decline, once dropping below $74,500.
The hardest hit were leveraged traders.
Data shows that the total liquidation amount across the network in 24 hours exceeded $400 million, with nearly 100k forced liquidations. Some people went to bed with profits in their accounts, only to wake up and find they had become "market contributors."
Interestingly, after each large-scale liquidation, a phenomenon often occurs: more and more people panic, but the selling volume actually decreases.
The reason is simple.
Those who wanted to sell have already sold, those who were going to be liquidated have already been liquidated.
From historical experience, large-scale liquidations usually mean short-term risk is being released, not that the risk is just beginning.
Of course, this does not mean an immediate surge.
The biggest variable in the market right now is still the Middle East situation. If the conflict continues to escalate, risk assets may remain under pressure; if the situation stabilizes, capital sentiment is expected to recover quickly.
At this stage, the most taboo thing is not to get the direction wrong, but to operate emotionally.
Chasing highs during a rally, cutting losses during a sharp decline—these are often the fastest ways to shrink your account.
Were you a survivor, a bottom-fisher, or a forced liquidator last night? Share your real trading experience in the comments. #24h加密合约清算破4亿美元