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Don't remind me again today

Industry pro Tom Lee recently issued a warning: Don't touch leverage!



Bitcoin has recently fallen below the $100,000 mark. This is no small matter - over $19 billion in positions have been liquidated, ETF funds are flowing out, the Federal Reserve's interest rate policy is still uncertain, and the U.S. government is facing a shutdown. With multiple negative factors piling up, how can the market withstand it?

Market makers are also having a tough time. Stream Finance directly lost $93 million, and many institutions' balance sheets have been weakened, leading to a tightening of the credit environment. This scene looks a bit familiar, right? It reminds us of the deleveraging storm after the FTX collapse.

In the short term, the volatility is likely to continue for a while. That said, the progress of Ethereum's blockchain applications is relatively steady, which may drive a subsequent rebound. The narrative of ETH's super cycle? I don't think this matter is over yet.
BTC-0.59%
ETH-0.1%
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ETHmaxi_NoFiltervip
· 14h ago
1.9 billion Get Liquidated, I just want to ask—are there still people dreaming of trading with leverage? Really no memory at all. --- Tom Lee is right, but those who listen to this probably are all leveraging up, haha. --- Stream Finance lost 93 million, this is the real "bloody lesson", more effective than any warning. --- ETH needs to rely on application implementation to turn around, not just storytelling, this time it should be serious. --- Alright, let's see if ETH can hold up this wave of Rebound, anyway, don't touch the leverage. --- Another round of deleveraging, feels like we have to go through this every year, when can we change careers? --- The FTX drama is not over yet, and now it’s happening again, really annoying.
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QuorumVotervip
· 20h ago
Leverage is something that should have been avoided long ago. Just look at the current chaos, with 19 billion liquidations exploding, and you can tell how many people didn't take the advice. Tom is right, but the problem is that too few people are listening. Wait, can ETH still make a comeback? I'm skeptical.
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0xInsomniavip
· 20h ago
Leverage is really poison; one liquidation and it's gone, 19 billion dollars just vanished. It's another sense of déjà vu from FTX; we don't know how many people will be buried this round. Whether ETH can save the day depends on how well the applications are implemented, but can we buy the dip? Tom Lee said if I don't touch it, then I really won't touch it; listening to the pro is never wrong. This time it's really a bit severe; let's see which institutions can still hold on.
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