In the past 24 hours, Digital Money has experienced a big dump, with 230,000 investors getting liquidated and losses exceeding $1 billion. BTC is highly correlated with the US stock market, and the market has further declined due to the drop in US stocks. Leverage liquidation has led to long positions being liquidated, and market sentiment is low. Analysts believe that future attention should be paid to Liquidity and technical signals, with investment strategies divided into aggressive, conservative, and wait-and-see types. History may repeat itself, but investors should remain cautious.

Zhang Yiming, the founder of ByteDance, became the richest person in China with a net worth of $65.5 billion, surpassing several established tycoons. He was born in 1983, graduated in Software Engineering from Nankai University, and founded ByteDance in 2012, with revenue rapidly growing to $110 billion. His success is attributed to capitalizing on the information flow trend, a global mindset, continuous innovation, and effective delegation, demonstrating the importance of innovation and execution in the tech sector.

Trump's cancellation of agricultural tariffs aims to lower food prices, but its impact on the coin market is complex. Easing inflation may weaken BTC's anti-inflation appeal, which may instead encourage retail investors to actively invest in encryption assets. The U.S. dollar index and U.S. Treasury yields have become key variables, with policy changes bringing market fluctuation risks. It is recommended to follow these two indicators, drop leverage, and flexibly respond to changes in market sentiment. Policies are both opportunities and hidden dangers, requiring real-time strategy adjustments.

The article discusses the use of leverage and its risks in Perptual Futures, emphasizing that high leverage may lead to Get Liquidated not due to directional errors, but operational mistakes. It is recommended that traders use isolated margin, set stop loss, and reasonably control risks to improve their survival probability. Additionally, a reasonable attitude towards leverage and Risk Management is key to success.

Interpol has identified that Crypto Assets fraud has become a major criminal industry at the Marrakech Conference, and global law enforcement agencies will work together to combat it. Victims span over 60 countries, involving human trafficking, fake jobs, and more. The United States has established a special task force, marking the beginning of global law enforcement collaboration. In the future, Compliance and transparency will become new competitive advantages.

What the hell is a black swan?
In simple terms, a black swan event is something that is almost impossible to happen, but once it does, it can leave the market in shambles.
The concept comes from the real black swan discovered in Australia in 1697—before that, Europeans thought swans could only be white, until the black swan appeared and disproved that notion. NYU professor Taleb used this idea to create the "Black Swan Theory," which describes unforeseen disasters in financial markets.
Black swan events typically have three labels:
- Caught off guard: beyond the usual prediction range
- High lethality: Economic, financial, and political collapse across the board
- Hindsight is 20/20: After the event, everyone says "I saw it coming all along."
How ruthless were those black swans in history?
The burst of the internet bubble in 2001
Tech stocks were hyped up to the sky, and the Nasdaq index fell by a staggering 78.4%. What happened next? The unemployment rate in the tech industry soared to 17.8%. Afterwards,

The application of Fibonacci in the crypto world mainly involves using mathematical ratios to find price support and resistance. Key retracement levels include 38.2%, 50%, and 61.8%. When using it, one needs to identify trends, key levels, and combine it with other indicators to drop the risk of misjudgment. Newbies are advised to practice with simulations first to avoid blind reliance.

The Bitcoin sentiment indicator is at an extreme fear level. Although there is a short-term rebound opportunity, the medium-term pressure remains severe, mainly due to institutional selling and the Fed's hawkish stance. Structural issues in the market remain unresolved, and the real upward momentum is expected to wait until the macro environment improves by early 2026.