#Crypto World Panic! After 100,000 People Get Liquidated, Another Big Dump Occurs


Family, the drama in the crypto world is simply more thrilling than a roller coaster 🎢. Just a moment ago, the news of over 100,000 people getting liquidated left everyone speechless. Coinglass data shows that over 400 million USD in crypto contracts were liquidated in the past 24 hours, and the next moment the market experienced a big dump.

Bitcoin was originally on a high, breaking through $124,000 and continuously setting new historical highs. Many investors followed suit and entered the market, with some even leveraging their positions to make a big profit. But who could have imagined that the market would change so dramatically, with prices suddenly plummeting? Some investors who were fully leveraged had no time to react and were instantly Get Liquidated, losing everything. Some investors lamented that not only had they lost their principal, but they also owed the platform a substantial amount of money.

The reasons are twofold: on one hand, the market is excessively exuberant, and a slight disturbance can trigger panic selling after a massive influx of funds; on the other hand, some institutions are taking profits and withdrawing large amounts of capital, leading to insufficient price support. I remind everyone that the crypto world is fraught with risks, and investments should be made with caution!
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