For those involved in digital currencies, sometimes there are some nonsensical situations that occur. How to manage your positions and stop-losses effectively is crucial.

#美国贸易赤字状况 Bitcoin dropped again yesterday, and this time it was quite a heavy sell-off—briefly breaking below the $90,000 mark, with the lowest hitting $89,600, and finally closing at $90,300, a decline of 2.7%.

Ultimately, several bad news factors hit simultaneously. The global geopolitical situation has been tense, risk appetite has been suppressed, US stock futures also broke down, and coupled with continuous outflows from BTC ETFs—institutions and large investors are busy clearing positions for arbitrage, retail investors are running to cut losses, and followers are jumping in.

What was the result? The total liquidation amount of contracts across the entire network in 24 hours exceeded $460 million, roughly 127,700 people were caught off guard, with over 90% of long positions being liquidated. That’s the most heartbreaking part—the most aggressive sell-offs hit the long positions.

From a technical perspective, the $88,000 to $90,000 range is a critical defense line. If it continues to break down, caution is advised. Recently, attention should also be paid to how the US non-farm payroll data performs. If geopolitical tensions suddenly escalate, volatility could further explode, so traders should stay alert.