Around 476M$ in long positions were liquidated across the market in the last hour.
A ~2.5% move in $btc was enough to trigger cascading long liquidations across altcoins.
That is what over-leveraged longs look like on a thin market: a small move in the base is enough to unwind all the leverage stacked on top.
$HEMI
$TRUMP
A ~2.5% move in $btc was enough to trigger cascading long liquidations across altcoins.
That is what over-leveraged longs look like on a thin market: a small move in the base is enough to unwind all the leverage stacked on top.
$HEMI
$TRUMP