February 3, 2025


Today is a day that needs to be commemorated. It's basically another 312. In my opinion, it's the last plunge before the start of a bull market. The magnitude and speed of today's decline can be seen from the large number of liquidation orders. The decline in Bitcoin is still the smallest, while Ethereum has dropped from 2800 to 2100 points in one fell swoop, with a maximum decline of over 20%, which means that leverages of more than 5 times have been liquidated, and even leverages of 3 times will be blown up if they were established at high positions.
From the liquidation data, it is indeed the case, with liquidation volume exceeding $2 billion and over 700,000 people being liquidated, basically reaching the peak of the bull market. Especially for Ethereum, this liquidation has solved the problem of excessive leverage, theoretically providing the best conditions for future rallies, and the same is true for other altcoins.
Looking at the prices of other altcoins, the latest AI sector has dropped by over 90%, no different from the bear market. Most of the other well-established altcoins have fallen back to the low point of the previous cycle, so the cost-effectiveness is definitely here. Now is definitely a good time for bottom fishing.
BTC0.42%
ETH-0.08%
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XiaoyaoziSaidThatHeIvip
· 02-03 13:20
Wait one more day
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