BingX notifications were going off nonstop. 🔥
Around $369M in leveraged positions were liquidated, with longs taking most of the hit. BTC and ETH were among the biggest contributors.
$TRUMP also got caught in the volatility as the market-wide selloff intensified.
Meanwhile, oil is above $90, the 10Y Treasury yield is nearing 4.8%, and geopolitical tensions are adding even more pressure.
This is exactly why heavy leverage makes me cautious. One strong catalyst can quickly turn into a much bigger move.
BingX volume also picked up sharply as volatility hit.
Was that the main flush, or are we only seeing round one? 👀
#BingX #TRUMP #CryptoMarket #Bitcoin #CryptoTrading
Around $369M in leveraged positions were liquidated, with longs taking most of the hit. BTC and ETH were among the biggest contributors.
$TRUMP also got caught in the volatility as the market-wide selloff intensified.
Meanwhile, oil is above $90, the 10Y Treasury yield is nearing 4.8%, and geopolitical tensions are adding even more pressure.
This is exactly why heavy leverage makes me cautious. One strong catalyst can quickly turn into a much bigger move.
BingX volume also picked up sharply as volatility hit.
Was that the main flush, or are we only seeing round one? 👀
#BingX #TRUMP #CryptoMarket #Bitcoin #CryptoTrading
