Yesterday the whole network again blew up $374 million, and shorts were liquidated more than longs—what does this kind of market have to do with your positions? First, take a look at the data: in the past 24 hours, $374 million worth of derivatives were liquidated—$217 million from short positions and $157 million from long positions—showing that the bulls are currently in the lead for the moment. But don’t rush to chase the move: liquidations are just leverage washouts, not a sign of a trend reversal. Instead, they remind us that contract risk is extremely high. Next, focus on whether trading volume can keep expanding, and whether major coins can hold key levels. Will you use liquidation data to manage your position sizing? #合约爆仓 #Crypto Market

Source: www.panewslab.com, rss.odaily.news