#数字货币市场回调 How is your Position after that big dump in the early morning?

Just glanced at the data, my hands are a bit shaky. AiCoin monitoring shows that in the past hour, the entire market was liquidated for 132 million USD. Sounds pretty scary? There's something worse ahead - 124 million came from those going long, while only 8.23 million came from those going short.

Calculating, nearly 94% of the liquidations hit the longs. What does this mean? A large number of leveraged long positions were directly wiped out in this sharp fall, and there was basically no reaction time.

Let's review why this happened: Late at night is typically when liquidity is the worst, and even a slight price movement can lead to extreme fluctuations. Coupled with a clustering of long positions, once there is a downward break of a key level, stop-loss orders and forced liquidation orders can trigger in a domino effect. Panic spreads rapidly at such moments, leading more people to either actively cut losses or be forcibly liquidated, pushing the volatility to extremes.

To be honest, a situation where the liquidation exceeds 100 million in a single hour is usually not the end of the market, but rather the starting point of emotional trading. Leverage is like this: it's a booster when the wind is at your back, but a meat grinder when the wind is against you.

What about you? Have you been caught in this wave? Or how do you usually manage leverage risk? At this position, do you think it will continue to fall or rebound quickly? Share your judgment in the comments, and feel free to share your risk control experience.