everyone thinks shorting local resistance is free money, but actually you're just providing exit liquidity to the market makers.
watching your portfolio get nuked while the market runs without you is the worst feeling in this game, especially when you convinced yourself the top was in.
look at what just happened with $BTC over the last four days. a fast 14% pump wiped out over $1B in total liquidations across the board, and the bears got absolutely demolished. out of that carnage, roughly $843M came directly from short positions compared to just $200M in longs.
more than 135,000 overleveraged traders got completely cleared out, including one poor soul who ate a single $20M liquidation. when momentum shifts this fast, standard leverage plays on majors like $ETH and Bitcoin will shred your margin before you can even react. leverage is a tool, ser, not a lottery ticket.
where do you think this goes from here?
#Bitcoin #CryptoTrading #Liquidations
watching your portfolio get nuked while the market runs without you is the worst feeling in this game, especially when you convinced yourself the top was in.
look at what just happened with $BTC over the last four days. a fast 14% pump wiped out over $1B in total liquidations across the board, and the bears got absolutely demolished. out of that carnage, roughly $843M came directly from short positions compared to just $200M in longs.
more than 135,000 overleveraged traders got completely cleared out, including one poor soul who ate a single $20M liquidation. when momentum shifts this fast, standard leverage plays on majors like $ETH and Bitcoin will shred your margin before you can even react. leverage is a tool, ser, not a lottery ticket.
where do you think this goes from here?
#Bitcoin #CryptoTrading #Liquidations
