The collapse exploded the bulls, and the rebound was just a trap! Don't get carried away now; Glassnode data has already laid out the truth
Brothers, don't panic! Last night's rebound looked lively, but it was all an 'illusion' — the surface emotions were driven by the easing of the Trump tariff drama, while behind the scenes, leverage has been bloodily washed to the extreme! Glassnode data directly reveals: the funding rate has broken through the bear market bottom of 2022. Whether retail gamblers or institutions, everyone has been crushed to the ground by contract liquidations, with 19.3 billion in liquidation amounts serving as the harshest lesson.
The current market is like a sponge twisted dry; all the moisture has been squeezed out, and there is no strength to sustain a rise. If you chase the rise or recklessly increase leverage now, it's purely a gift to others! Here are three sober operational suggestions; follow them to avoid pitfalls:
1. Don't be a 'bottom-fishing martyr'
A rebound does not mean a bull market has returned. The pressure level of Bitcoin at $114,000 hasn't stabilized, and increasing leverage now is just gambling. If there is a subsequent double bottom test, high leverage could lead to liquidation in an instant, and you won't even be able to protect your principal. Don't rush in.
2. Bottom-fishing only for 'hard currencies'
Don't catch the flying knives of altcoins! The only ones you can touch now are core varieties like Bitcoin and Ethereum. Especially Ethereum, when it previously fell below $3,700, BitMine directly invested heavily to buy 128,000 coins. Big players are picking up cheap hard assets; following their lead can't go wrong. Altcoins are highly likely to keep 'falling without end' now.
3. Positions must 'control hands'
With the funding rate this low, it indicates that market sentiment has cooled to the extreme, which is just right for gradual spot layouts. But you must stay away from high leverage contracts — this time, institutions couldn't escape liquidation; retail investors shouldn't think they can be exceptions. Otherwise, you'll still be on the leverage reset list next time.
In summary: Now is not the time for recklessness. Gradually accumulate spot, pause leverage for now, and wait until the market stabilizes and there’s a real wind before moving. It’s much better than losing capital by getting carried away now!
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