Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
$BTC $ETH — Extreme Fear Peaks, Leverage Purge Complete
The market just lived through one of the most brutal deleveraging events in recent history. Overnight liquidations exploded, ranking among the top 10 largest liquidation events ever recorded. While total liquidation value didn’t surpass the absolute peak levels, the human impact was massive—hundreds of thousands of traders wiped out in a single night.
After hours of panic selling, BTC briefly reclaimed the $60,000 level, while ETH wicked below $1,750, triggering forced exits across the board. Roughly $2.7B was flushed, and more than half a million accounts were completely zeroed. This wasn’t just a price correction — it was a confidence reset.
Liquidity conditions are now extremely thin. Market-making capital has reportedly retreated by nearly 80%, leaving price action fragile and hypersensitive. At this stage, even small sell pressure can trigger oversized moves. Sentiment has flipped from optimism to disbelief almost overnight.
Many participants have lost hope — and historically, that’s exactly where long-term opportunities are born.
Pain is the tuition fee of survival. Those who endure this cycle will trade future volatility with a completely different mindset.
BTC Key Levels
Resistance: 70,900
Supports: 64,500 / 57,850 / 41,700
ETH Key Levels
Resistance: 2,225
Supports: 1,840 / 1,600 / 1,385
This phase is not about guessing the bottom — every bottom-caller has already been punished. Expect violent swings, fake breakdowns, and sharp rebounds.
Strategy:
Forget leverage.
Focus on spot accumulation.
If you fail to build spot positions during extreme fear, history suggests that 3–5 months later, regret will be far more painful than today’s drawdown. Bitcoin and Ethereum don’t wait for consensus — they move when belief is gone.
Sometimes, the best trades are made when you stop watching the screen.
#CryptoMarket
#ExtremeFear
#BTC
#ETH
#MarketReset