Do you remember that wave of market activity? Two months ago, in the early morning hours, the market suddenly lost control. Bitcoin plummeted from a high of $115,000, dropping straight down, breaking below $100,000 in the blink of an eye. Within just a few hours, over $19 billion was liquidated across the entire network. At that time, more than 1.6 million traders were instantly swept out of the market, losing everything. Even worse, altcoins one after another experienced sharp declines, with some small projects disappearing entirely from the K-line. How intense was that impact? Just look at these numbers — this is the true face of the crypto market. In a leveraged game, no one can escape a perfect crash.
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PumpAnalyst
· 12-17 02:04
I'm all numb now. The 19 billion liquidation is the real textbook of risk control.
160,000 traders were instantly wiped out. This is the consequence of playing with leverage; no matter how good the technicals look, it’s useless.
That time I confidently shorted, but looking back now, I still have to be cautious. The big players might be lying in wait somewhere next time.
I've seen many cases of altcoins disappearing. Actually, it's just the project team running off after siphoning funds; it should have been obvious long ago.
Support levels are all just decorations at critical moments; what really matters is the trading volume.
The night it broke below 100,000, it was all panic selling. Greedy people should have been swept out by then.
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ChainDoctor
· 12-15 15:03
Na Po, I was directly liquidated, with 19 billion in margin calls making my hands tremble.
Two months ago, I still wanted to buy the dip, but I ended up getting crushed, losing everything.
1.6 million people were wiped out, and I am just a small fraction of that, unable to smile.
Leverage is truly poison; I will never touch it again.
The period when scam coins disappeared was the most desperate, some projects even lost their K-line charts.
Playing in this market, you either become enlightened or go bankrupt—there's no middle ground.
Watching my account go from green to red with my own eyes... that feeling... I really can't forget.
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probably_nothing_anon
· 12-14 07:53
That day I was on the scene... watching my position turn from green to red, and the whole process was so fast it was like a joke.
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DegenTherapist
· 12-14 07:52
Tsk, starting to revisit the scars again. I was there witnessing the over 1.6 million people buried with it.
The liquidation day was truly astonishing; not a single leveraged trader could escape.
Watching the altcoins disappear was so satisfying; trash projects should be cleared out.
This is Web3—there are no lucky ones, only unlucky ones.
190 billion dollars just evaporated; Bitcoin, you're really ruthless.
Those who spoke of stability back then are now all silent, right?
Plummeting is just a plunge; when the K-line disappears completely, that's what you call excitement.
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BrokenRugs
· 12-14 07:40
That early morning massacre, I was still dreaming about it, and I got liquidated immediately upon waking.
1.6 million people sacrificed together—that's the price of leverage, brother.
Altcoins disappearing from the K-line? No, they disappeared from my account.
Honestly, who dares to say they dodged it? Everyone's just bragging.
That plunge from 115,000 to 100,000... I still have nightmares about it.
Do you remember that wave of market activity? Two months ago, in the early morning hours, the market suddenly lost control. Bitcoin plummeted from a high of $115,000, dropping straight down, breaking below $100,000 in the blink of an eye. Within just a few hours, over $19 billion was liquidated across the entire network. At that time, more than 1.6 million traders were instantly swept out of the market, losing everything. Even worse, altcoins one after another experienced sharp declines, with some small projects disappearing entirely from the K-line. How intense was that impact? Just look at these numbers — this is the true face of the crypto market. In a leveraged game, no one can escape a perfect crash.