2026-01-23 05:00:11

Yesterday's 24-hour market was quite intense. As soon as the data came out, I took a deep breath—40,000 traders were liquidated, with a total loss of 790 million yuan, of which 90% were long positions cleared. BTC is now fluctuating around the 90,000 yuan mark, many people are still betting on a rise, but their leverage has been wiped out.

How to operate at this stage? I'll directly mention three core points:

**Support level is between $88,000 and $90,000.** If it breaks below this, don’t hold on to leverage stubbornly; reduce positions and cut losses. Don’t listen to what the group is shouting; your own money is the most important.

**Resistance level is at $93,000.** Only chase longs with small positions if it truly breaks through. Never try to guess the top—that's a suicidal move.

**Position management is key to survival.** Short-term trading should not exceed 30% of your total holdings, and leverage should stay below 5x. Capital safety comes first. Many accounts got wiped out because of poor management here.

And one more very important point—the macro-level news is still fermenting. During such times, you must not trade based on feelings or emotions. Spot trading is king; stay steady.

BTC-4,23%

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MidnightTrader

· 01-25 07:31

I'm just saying, this wave of shorting the longs is really fierce. Looking at the data, I even feel sorry for these people. Honestly, now is the time to be confident and not to act. Shouting in the group is useless. Whether there's unrealized profit or not, just do some spot trading and relax. Leverage really can eat people up.

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pumpamentalist

· 01-24 00:35

240,000 people wiped out, am I actually a survivor again? What a false alarm. Still grinding at 90,000, whoever guesses right, I’ll do a handstand and eat shit. Don’t ask why. How many times do I have to say about position management? Some people still want to gamble with leverage. Burning money and then regretting it. 88,000 is the bottom line. If it falls below that, just run. No need to overthink. Spot trading wins passively; leverage is a suicide knife. Just look at those gamblers in the group. Stay calm, stay calm. The macro environment is still causing trouble. Doing nothing is the best move. This is the toughest test of mentality. I’ll just sleep. If it really retraces, I’ll check it tomorrow.

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MysteriousZhang

· 01-23 05:30

Really, seeing this data is exhausting. It's another wave of bullish traders getting wiped out.

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fren_with_benefits

· 01-23 05:30

Damn, 240,000 people directly lost everything, this wave is really fierce. Luckily, I didn't play with leverage, I was already scared and just laid flat in spot trading. I manipulate this kind of market, don't dare to move recklessly, just see if 88 can hold or not. It's the same old story, the group keeps shouting for a rise every day, but they blew up first haha. Spot trading is comfortable, just treat it as a vault for savings, waiting for the dust to settle. This wave of market taught me one thing: leverage is really a tool for quick profits, but bankruptcy comes just as fast. Feeling like position 93 is not even worth thinking about, it's too虚. Doing this 24 hours a day, how many people must be sleep-deprived? I give up chasing the rise, that's for sure.

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ImpermanentTherapist

· 01-23 05:21

240,000 people liquidated, that's really crazy. Luckily, I didn't use leverage to chase the high prices. Holding spot is comfortable.

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GateUser-9ad11037

· 01-23 05:21

Whoa, 240,000 people in one wave? I'm still debating whether to add to my position or not.

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