Sudden selling, mainstream currencies collectively dive. The market suddenly staged a "flash crash" today. Dragged down by the weakness of Bitcoin, XRP led the decline of mainstream currencies, with the price quickly falling to around $1.33. This sudden wave of selling has obvious characteristics of "multiple liquidation", causing a chain reaction in the market.

**Why is this drop critical? ** This decline is not a simple correction. Although market volatility had previously been compressed and appeared calm, the fragile rebound simply could not reverse the bearish structure. This "liquidation-style" decline directly penetrated key psychological and technical support, strengthened the bear market pattern of the market, and showed that the bulls' defense line is very fragile.

**What does it mean for retail investors? ** If you carry long orders with high leverage, you may have been taken away by a wave. Under this kind of market situation, avoid blindly buying the bottom, market sentiment and structure have weakened, and short-term risks outweigh opportunities. Controlling positions and reducing leverage are the top priorities for survival. During this period of heightened volatility, the impact of transaction costs will be magnified. When trading on platforms such as Binance and OKX, obtaining rate optimization through channels like CoinRebate can truly save a lot of bullets.

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This article was edited by CoinRebate AI, data source: CoinDesk

Bitcoin’s fall drags down the market! XRP plunges to $1.33 as liquidation surges