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This situation is the same as in 2021. Before the black swan came, the Chinese government also warned of the risks. It is okay to take spot goods, but be cautious when doing contracts. The black swan is coming soon. $BTC
There are too many long orders below, and you are all buying the bottom, but it can't break through. If it fails to break through, it will really rebound to 80,000. There will be few liquidations at all if there is no drop of 10,000 points in fifteen minutes after a waterfall. As long as there is time to react, it will be enough to close your positions. How can you cut them if all the contracts are scared away? The dog dealer wants the liquidation of more than 2 billion plus all the money in your spot. There must be no liquidity below at the beginning and the positions are dense. Once the big thunderbolt is triggered, the market will be smashed directly. The instantaneous liquidation volume is enough and retail investors can't take it, which can trigger a spiral decline. All insiders will return to zero. The spiral decline is basically a large number of long orders liquidated, and then you frantically sell spot to add margin. The selling triggers a bigger smash to zero. The liquidation of long orders itself is a smash, plus the smash of the selling, the smash of the dog dealer, and the lack of liquidity, you can't even react and your position is gone. The loss of position is equivalent to selling spot, and after a few rounds, it is equivalent to a hard landing of the bubble and a smash to zero.