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The crypto world has been in a 48-hour double kill: 1.83 million accounts dropped to zero, with a "perfect harvest" behind 145 billion $BTC $ETH $AIA .
The crypto world once witnessed a brutal two-way harvesting, with 1.83 million accounts around the world dropping to zero within just 48 hours, and over 145 billion RMB vanished into thin air.
Bidirectional harvesting: both long and short positions suffer.
In the early morning of October 11, Bitcoin surged to a new high of $126,000, with retail investors leveraging their positions to chase the bullish trend. Subsequently, a news about tariffs caused the coin price to plummet over 20%, resulting in 1.64 million liquidations. Retail investors then turned to shorting, and on October 13, the coin price soared again by 13%, leading to 180,000 short positions being played for suckers.
The dealer's "perfect calculation"
• Time to pick soft persimmons: choose to act after the US stock market closes and when the European and American markets are closed, as the market is most vulnerable at this time.
• Dark operations in funds and transactions: Some people open large short positions in advance, and there are programmed precise large sell orders.
• The media acts as an accomplice: boasting about the bull market at high points, calling it a bubble when it drops, enticing people to buy the dip when it rises, perfectly coordinated.
Who is making money?
Exchanges earn liquidation fees, market makers rely on controlling liquidity to play people for suckers, and capital whales transfer assets in advance.
Reminder for ordinary people
• Don't touch what you don't understand, and don't buy what the media is hyping.
• Don't chase after wild price swings, and don't play with leveraged contracts.
• Don't be greedy when others are panicking; remember this is not a fair game, and don't become a play people for suckers due to the dream of getting rich.