#加密市场行情分析 The market has started to fluctuate significantly again, indicating that we are entering a new round of deleveraging. Those "warriors" who went all in are probably crying in despair now. I have always said that high leverage is like dancing on the edge of a knife, and something will go wrong sooner or later. Now, the open contract size of Ethereum has already slumped by 50%, and Bitcoin is also approaching the key support level of $93,000. At times like this, staying calm is more important than anything else.

I have experienced too many market conditions like this and know how difficult it is to remain rational in panic. But it is precisely during such times that we can see who the true long-term investors are and who are merely speculators. Those large holders with concentrated ETF positions, if they start to reduce their positions on a large scale, could trigger a new round of liquidity crisis.

For us old investors, the most important thing now is to control risk and not blindly try to catch the bottom. The market is always cyclical, and patience is key to seizing real opportunities. Remember, in this market, surviving longer is more important than making more money. Stay vigilant and prepare for precautions to survive in this crazy market.