How fragile is the current market?


Leverage longs are being continuously liquidated, long-term holders and whales are selling off, and the shrinking liquidity of on-chain stablecoins indicates a decline in risk appetite. A "death cross" has appeared on the technical side, and now even a straw can break the camel's back. Short term: Don't rush to catch the bottom.
The Bank of Japan will hold a meeting on December 18-19, and the market expectations have already been fully priced in, but before the policy is implemented, the volatility will only increase.
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