$BTC $GT

When the numbers bend in the face of the storm of liqueurs

What we are seeing now in the crypto market is a harsh lesson in the psychology of greed and fear.

Since the opening of the U.S. market,
The bleeding has not stopped,
Bitcoin is facing pressures that we haven't seen since the beginning of the year.
-
The numbers speak of the magnitude of the tremor:

Price breakdown:
Bitcoin has fallen around $4,000 since the market opened.
It hit a new year-over-year low of $83,900.

Evaporation of wealth:
Nearly $100 billion of crypto's market cap has been wiped out in record time.
-
Futures Guillotine:
$540 million worth of (Longs) long positions were liquidated in the last 4 hours alone, of which $356 million faded in one hour.
-
Meaning Behind the Lines:
These figures do not reflect a mere price drop,
Rather, it reflects a sequential "forced liquidation."

When leverage increases (Leverage), the market becomes fragile.
Any sudden movement turns into a snowball that swallows billions in minutes.

The market is undergoing a violent "clean-up" of overly optimistic positions.

And as I always say, in moments like this,
The difference between survival and drowning is "risk management" not emotion.

#GateLiveMiningProgramPublicBeta