$BTC LONGS ARE GETTING WIPED OUT!
The latest 24-hour liquidation heatmap paints a brutal picture of the market.
🔴 BTC: $70.46M liquidated
77.9% of BTC liquidations were longs
🔴 ETH: $49.66M liquidated
54.3% of ETH liquidations were shorts
#Bitcoin longs are taking a massive hit as leveraged traders get caught on the wrong side of the move.
I felt that pain myself. I lost $3,714 on my BTC long position.
Being right about the market's direction isn't always enough. Bad timing, excessive leverage and sudden volatility can wipe out an entire trading plan in minutes.
This market doesn't forgive mistakes. Sometimes the most expensive lessons come straight out of your own pocket. DYOR
The latest 24-hour liquidation heatmap paints a brutal picture of the market.
🔴 BTC: $70.46M liquidated
77.9% of BTC liquidations were longs
🔴 ETH: $49.66M liquidated
54.3% of ETH liquidations were shorts
#Bitcoin longs are taking a massive hit as leveraged traders get caught on the wrong side of the move.
I felt that pain myself. I lost $3,714 on my BTC long position.
Being right about the market's direction isn't always enough. Bad timing, excessive leverage and sudden volatility can wipe out an entire trading plan in minutes.
This market doesn't forgive mistakes. Sometimes the most expensive lessons come straight out of your own pocket. DYOR
