The market is at a crossroads of risk.

In the past 24 hours, liquidation volumes have remained between 100 million and 400 million USD, which seems much calmer compared to the extreme market conditions of October 2025. But don’t be fooled by the numbers—this kind of volatility’s cumulative effect is the real hidden danger.

The key right now is to keep an eye on the support/resistance levels of mainstream coins like BTC and ETH. Take ETH, for example—the $3000 and $3200 levels act like defensive lines. Once broken, chain reactions of liquidations could instantly trigger a market-wide crash, causing volatility to spike sharply—this is not alarmist; history has proven it multiple times.

Tokens like “I’m Coming” are crazy in their movements, essentially live examples of speculative sentiment and risk accumulation. Many are attracted by extreme gains but overlook the zero-risk possibility right in front of them. Participating in such trades requires strong psychological preparation.

Another easily overlooked point: different exchanges have vastly different risk control systems and liquidity. A position that feels safe on Platform A might be dangerous on Platform B. So, it’s crucial to thoroughly understand your trading platform’s rules, especially for derivatives trading.

Overall judgment: Market data is indeed issuing warnings, but it hasn’t reached the extreme levels of history. The real concern is the domino effect triggered by sudden negative news or key level breaches in an environment where leverage across the entire market is so high.