In one day, $2.6 billion in liquidations occurred, according to CoinGlass.
This is not a correction — this is a sanitary cleanup.
577,167 traders have been liquidated.
If this drop scares you — it's doing the right thing.
The chart itself is not scary.
Terrible news that may come after him.
Because when the market falls — it's just business as usual.
But when the drop is accompanied by strange political movements, the silence of major players, and sudden 'analytical' comments from people who usually say nothing — then it smells not of a cycle, but of preparation for something serious.
If this is just a market cycle — okay.
We all sometimes behave here like not very smart traders who haven't locked in where they should.
It's a usual thing.
But like any normal market participant, what annoys is the other thing:
What if something is being prepared behind the scenes that the market sees before the news?
And this is what seems the strangest today.
Correction — okay.
But the behavior of the market — without rebounds, without attempts to resist, with the wiping out of all leveraged positions — looks like something is being prepared, and the market is just cleaning the board before the news arrives that no one will like.
Is this really so?
No one knows.
But the fact that it is felt — is not paranoia.
It's the same intuitive 'market sense' that kicks in when there is a drop on the surface, and beneath the surface, the plates are moving.