I'm done, the trend of $STRC is like unplugging the internet cable directly, it's painful to watch.

Earlier when I was watching the market, the liquidation map was all red, and the $STRC long leverage was directly hit to a 19x liquidation, on a trading volume of just over a million USD, yet it managed to trigger several waves of liquidations.

For this kind of low-liquidity coin, trying to push the price is like playing a game, with no upper or lower shadows, only a straight line.

I was still thinking about whether to open a long position, thinking that since it had fallen so much, it should bounce back a bit. But as soon as I put my hand on the keyboard, the candlestick suddenly dropped, and I was stunned.

This isn't trading; it's like standing in a pile of liquidations watching others get cleared out. Luckily, I didn't touch it, or I’d be on the liquidation list now.

I've also been burned before with these de-pegged tokens. Seeing it drop sharply, thinking there might be a rebound, only to fall all the way down, questioning life, and finally cutting losses and leaving.

The lesson now is— for tokens with poor liquidity, never try to catch falling knives in a liquidation-heavy zone. The support levels you think you see are just a piece of paper in front of liquidation pressure.

Is anyone still holding? Or did everyone run already?

This round of $STRC de-pegging pushed the liquidation data to a new historical low, and leverage funds on such low-liquidity assets are basically just feeding the market.

A coin that can be broken through the liquidation wall with just a few hundred thousand dollars will only accelerate capital outflows from altcoins, flowing back into deep assets like $BTC and $ETH for safe haven.

Next, either liquidity will become more concentrated in top assets, or altcoins will continue to decline, waiting for the next wave of liquidity injections to #我的Gate交易时刻 catch a breath.