$BTC fell below 81k, with 180,000 people liquidated in the past 24 hours
I saw a joke today:
A player got his relatives into crypto in 2020.
One of them was planning to buy $20,000 worth of BTC,
but he talked them out of it and suggested buying altcoins instead, saying they’d double in price faster.
Now that $20,000 has turned into $674—almost nothing.
In 2020, BTC surged from just over $4,000 to $29k,
ushering in a period of euphoria.
I wonder how he faced that relative afterward,
or perhaps it was just a joke, something to laugh off.
But stories like this are everywhere in the crypto market.
Pick the wrong asset, and it can take years just to break even.
If it goes to zero, you don’t even get to wait for the next bull market.
BTC, on the other hand, has always been there for its holders.
Today BTC fell below 81k, briefly dropping to $80,230,
its lowest point in the past 28 days.
It gained 7% on September 18,
rising from 75k to 80k, and its price stayed relatively stable.
Now it has fallen back again, and the $80,000 mark is being tested.
The Fear and Greed Index has also dropped to 52, back in neutral territory.
In the past 24 hours, 182,899 people were liquidated, with total liquidations reaching $973 million.
The largest single liquidation exceeded $12 million.
For futures traders, especially those going long with high leverage,
it’s another devastating blow.
After being liquidated, all you can do is start over from scratch,
but some people never get the chance to start again.
After five years in crypto, I’ve realized that it’s tough for every player.
Chase what’s trending, and you fear getting left holding the bag; buy altcoins, and you fear they’ll go to zero.
Even with #定投BTC , it’s hard to stay level-headed.
Hold on to your assets, and you worry about missing other opportunities.
When prices rise, you’re anxious that you haven’t made enough.
When they fall, you worry your capital is dwindling.
When they move sideways, you feel there isn’t enough excitement.
The market will never run out of temptations or stories of overnight riches,
but someone else’s 100x return may not be yours,
and someone else’s financial freedom may just be a survivor’s story.
Take it easy. Don’t rush to get rich.
Stay in the game long enough, and you might get the chance to catch a market move of your own.
#币圈 #合约爆仓
I saw a joke today:
A player got his relatives into crypto in 2020.
One of them was planning to buy $20,000 worth of BTC,
but he talked them out of it and suggested buying altcoins instead, saying they’d double in price faster.
Now that $20,000 has turned into $674—almost nothing.
In 2020, BTC surged from just over $4,000 to $29k,
ushering in a period of euphoria.
I wonder how he faced that relative afterward,
or perhaps it was just a joke, something to laugh off.
But stories like this are everywhere in the crypto market.
Pick the wrong asset, and it can take years just to break even.
If it goes to zero, you don’t even get to wait for the next bull market.
BTC, on the other hand, has always been there for its holders.
Today BTC fell below 81k, briefly dropping to $80,230,
its lowest point in the past 28 days.
It gained 7% on September 18,
rising from 75k to 80k, and its price stayed relatively stable.
Now it has fallen back again, and the $80,000 mark is being tested.
The Fear and Greed Index has also dropped to 52, back in neutral territory.
In the past 24 hours, 182,899 people were liquidated, with total liquidations reaching $973 million.
The largest single liquidation exceeded $12 million.
For futures traders, especially those going long with high leverage,
it’s another devastating blow.
After being liquidated, all you can do is start over from scratch,
but some people never get the chance to start again.
After five years in crypto, I’ve realized that it’s tough for every player.
Chase what’s trending, and you fear getting left holding the bag; buy altcoins, and you fear they’ll go to zero.
Even with #定投BTC , it’s hard to stay level-headed.
Hold on to your assets, and you worry about missing other opportunities.
When prices rise, you’re anxious that you haven’t made enough.
When they fall, you worry your capital is dwindling.
When they move sideways, you feel there isn’t enough excitement.
The market will never run out of temptations or stories of overnight riches,
but someone else’s 100x return may not be yours,
and someone else’s financial freedom may just be a survivor’s story.
Take it easy. Don’t rush to get rich.
Stay in the game long enough, and you might get the chance to catch a market move of your own.
#币圈 #合约爆仓