Quite devastating—
In the past 24 hours, total liquidations across the entire network have reached $1.681 billion. It appears a significant amount of leverage has been removed, resulting in the deaths of another 270,000 people. The bulls are in deep trouble!
In this situation, buying some spot trading is incredibly attractive.
In this kind of volatile and highly uncertain environment, please, my friends, do not be foolish enough to use leverage.
Get through this boring period; survival is the most important thing. There will be countless opportunities, but you'll lack capital!