February 23rd: In-Depth Analysis of This Bitcoin Crash
First, let's talk about leverage
This rapid decline is a classic example of high leverage triggering a chain reaction of liquidations
Long positions were forced to close, triggering further price drops
Price declines then caused more long liquidations, ultimately leading to a death spiral
Looking at the macro environment, everything has changed
The market was originally betting on significant rate cuts in 2026, but that expectation has now been largely invalidated
Plus, the US Treasury Secretary reiterated the【Strong Dollar】policy
The US d
View Original