Long position entry has been fully executed and enjoyed. The cryptocurrency circle isn't about who makes money faster, but about who survives longer. It seems everyone is truly out of money this time! The recent decline in Bitcoin has reached an unbearable level, with 220,000 traders getting liquidated within 24 hours, but the total amount is only $500 million. Divided among them, that's less than $2,800 per person. During the same period, tens of billions of dollars were lost, indicating that both big players and retail investors have been almost wiped out.

Honestly, this market is the least panic-inducing since I entered the scene. Previously, retail investors could still dream of copying the scam coins, each depositing some faith into altcoins. But now? Bitcoin has risen from $15,000 to $120,000, an 8-fold increase, and ETH from $800 to $4,900, a 6-fold rise. Meanwhile, most altcoins have been falling from their highs, with market caps nearly wiped out.

The rare short-selling feast happening now shows on the liquidation map—everyone is shorting. The bullish traders are gone; it seems everyone has lost hope in this market.

This market isn't just a little difficult; there's no end to buying the dip. Every rebound seems to be a setup for a fall, and as soon as the pattern looks promising, it gets smashed down again. The candlestick charts are like frightened birds, jumping up and down.

Perhaps soon, the main market makers will attempt a rebound to trigger a short squeeze, because the bullish traders have run out of steam.