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17 billion Get Liquidated in a single day! The lesson of 400,000 people falling into the trap: Don't let "luck" bury you in the abyss.
When 400,000 people across the network got liquidated within 24 hours, and 1.7 billion dollars vanished into thin air, with 95% of long positions suffering liquidation, setting a record for the largest single-day long position liquidation since 2021, do you still think that "holding on will bring it back up" is a wise choice?
In the hell of contracts in the crypto world, "unwillingness" is the most toxic drug, and "betting on a reversal" is the harshest scythe. Just like today's market movement, how many people clung to the fantasy that "ETH can rebound" and held on stubbornly, only to be ground into the ground by the market—one must understand that the largest single liquidation order reached 12.74 million USD, behind which countless family funds evaporated in just a few minutes.
But there are always those who can avoid lightning in the storm: those traders who strictly set stop-losses and are not controlled by emotions, those rationalists who understand trends and do not go head-to-head with the market, can survive the "Get Liquidated" wave and even profit.
Don't let your account become the denominator in the next 1.7 billion! Rather than regretting after getting liquidated, it's better to establish a disciplined trading system now: set clear stop-loss lines, understand long and short signals, and control position leverage... After all, surviving long in the crypto world is the prerequisite for making profits.