$BTC The recent fluctuation is much greater than that of the second one. This wave of bloodletting caused by Japan's interest rate hike may just be the beginning. For $BTC , in addition to consensus, liquidity is even more critical.

In simple terms, due to Japan's cheap money, it is no longer cheap to use now. As a result, the market started to close positions through yen arbitrage products. This wave of capital withdrawal has led to an outflow of market funds, causing a panic effect and triggering a new round of liquidation.
Still maintaining the same view, shorting needs to have room to eat, gradually accumulating coins when approaching 75,000 or 80,000. Remember, no one can predict when the bull market will come again, so the advantage of contracts is that in a bear market, you eat less to protect profits, and in a bull market, you continue to use profits for compound growth.