Blood is flowing like a river! More than 296,300 Bitcoin accounts were liquidated in 24 hours! You must know these 3 reasons!
In the past 24 hours, Bitcoin fell to below $61,000, with more than 296,300 people and a liquidation amount of $920 million. Not only Bitcoin, but also mainstream currencies such as Ethereum, Dogecoin, and Sol have fallen sharply.
There are three main reasons:
① Geopolitical conflict, Iran launched a large-scale attack on Israel, and the United States may be involved, and panic led to selling.
② The uncertainty of the Fed's interest rate cut has confused mainstream institutions. They had previously speculated on May, June, and July-----now they are not sure, with high inflation in the United States and hawkish remarks from the Fed.
③ Bitcoin halving, future miner costs will increase, block rewards will decrease, and large-scale selling will be carried out while it is still at a relatively high level.
Finally, Brother Meng will say my point of view. Bitcoin has risen by about 350% from last year to now. There is no asset that will rise forever. It is time to wash it and adjust it.
How should we deal with it?
Don't add leverage, or lower your contract multiple as much as possible. Don't worry if you hold spot, especially some mainstream coin leaders, either continue DCA or lie flat.
