1. The greater the liquidation pressure, the longer the market takes to recover. 19 billion in liquidations should be the largest single-day liquidation since 2018, and the market needs at least a week to recover from such a level of liquidation. 2. The decline is not a one-time event; after an earthquake, there will be aftershocks, so one should not rush to catch the bottom. 3. Market liquidity is entering a state of exhaustion, and short-term fluctuations will be amplified, making it easy for the market to go up and down. 4. The mindset is the most important. It's normal for accounts to have drawdowns; spot trading may have a 30% drawdown during this wave. So, don't let losing some money affect your mindset. Remember, this is the crypto world; as long as there is still principal, there is always a chance. 5. Leverage is the devil, use it with caution, I suggest not to use it as much as possible. 6. In the medium to long term, the sharper the drop, the more opportunity there is for small coins; the increase comes from the drops.
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Post-Disaster Reconstruction Guidelines
1. The greater the liquidation pressure, the longer the market takes to recover. 19 billion in liquidations should be the largest single-day liquidation since 2018, and the market needs at least a week to recover from such a level of liquidation.
2. The decline is not a one-time event; after an earthquake, there will be aftershocks, so one should not rush to catch the bottom.
3. Market liquidity is entering a state of exhaustion, and short-term fluctuations will be amplified, making it easy for the market to go up and down.
4. The mindset is the most important. It's normal for accounts to have drawdowns; spot trading may have a 30% drawdown during this wave. So, don't let losing some money affect your mindset. Remember, this is the crypto world; as long as there is still principal, there is always a chance.
5. Leverage is the devil, use it with caution, I suggest not to use it as much as possible.
6. In the medium to long term, the sharper the drop, the more opportunity there is for small coins; the increase comes from the drops.