Always feeling like you're the chosen one in the market, capable of withstanding any storm — but reality often gives these investors a harsh slap. Recently, the panic index dropped to 5, and the market plunged into extreme fear. Data shows that in the past 24 hours, 586,572 people faced liquidation misfortune, with long positions totaling $2.22 billion and short positions reaching $430 million.

This wave of liquidations spread like wildfire, one after another. Watching the liquidation list grow continuously, you'll realize the market is merciless. Traders who once felt confident and believed they could endure are often the easiest prey in this liquidation storm. This is nothing new — whenever the market fluctuates, the market's "chosen ones" tend to make the same mistakes, repeating the same dreams until reality mercilessly crushes them. The market is like a cycle that keeps restarting, and those overly confident investors are often the first to pay the price for their confidence.