The crypto world can feel like a fleeting dream!
I’ve prepared my farewell lines for exiting the circle.
The market has undergone a major reshuffle.
It’s like going back to square one overnight.
This is the monologue of the 260,000 people who fell before the bull market.
On November 12, according to Coinglass data, the total liquidation across the network rose to $959 million in the past 24 hours, including $509 million in long liquidations and $454 million in short liquidations.
Moreover, in the last 24 hours, a total of 261,470 people were liquidated, with the largest single liquidation occurring on Binance — BTCUSDT worth $15.7038 million.
The market remains the same; after a big rise, it has to fall.
After a big drop, it will rise; bull markets experience many sharp declines.
One must follow the trend.
In this circle,
All wealth comes from the overall market trend.
Personal ability judgments are built on the foundation of the overall trend.
Thus, respecting the trend is essential.
Obsessed with technical analysis.
In the end, it’s all just a fleeting dream.
The market never operates at a fixed rhythm.
The great way is formless; success or failure is determined by the situation, not by individuals. Those who can take advantage of the situation can rise to the heavens, while those defeated by the situation may fall into the abyss.
Thoughts on the recent gold and Bitcoin trends: ending the Russia-Ukraine war is likely to happen after Trump takes office. Funds that have always sought gold as a safe haven have already realized profits in advance, and gold is primarily bearish in the short term.
In contrast, Bitcoin’s price trend looks optimistic, breaking out into a continuous bull market, which is positively correlated with the policy sentiment after Trump’s inauguration. Optimistic expectations always excite risk appetite, but there is still a long way to go.
Do you remember the optimistic expectations when the last Bitcoin ETF was approved and the price surge that followed? This time, it is still comparable.
There’s great potential in the Trump cycle.
On November 12, Deutsche Bank research analyst Marion Laboure stated that under the leadership of President-elect Trump, cryptocurrencies will benefit from a more favorable regulatory and political environment, although uncertainty about future policies remains.
In a report, she stated that the incoming Trump administration may accelerate regulatory transparency, strengthen institutional participation, improve market infrastructure, and be more widely adopted by the mainstream. However, policy uncertainty remains a key factor driving price increases. Laboure stated, “It is important to emphasize that if the anticipated regulatory reforms for the crypto industry under the Trump administration do not meet market expectations, we may see potential turmoil.”
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260,000 people liquidated, it’s like going back to before liberation overnight! was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.