BingX alerts were going crazy today 📳
About $369M in leveraged positions were liquidated, with longs absorbing most of the pain. $BTC and $ETH were among the biggest contributors.
At the same time, oil pushed above $90, the 10Y Treasury yield moved close to 4.8%, and geopolitical tensions added even more pressure.
Moves like this remind me why heavy leverage deserves caution. One strong catalyst can quickly turn volatility into a major liquidation cascade.
BingX volume also jumped noticeably as the market got wild.
Was that the big flush, or just round one?
#BingX #CryptoMarket #Bitcoin #CryptoTrading
About $369M in leveraged positions were liquidated, with longs absorbing most of the pain. $BTC and $ETH were among the biggest contributors.
At the same time, oil pushed above $90, the 10Y Treasury yield moved close to 4.8%, and geopolitical tensions added even more pressure.
Moves like this remind me why heavy leverage deserves caution. One strong catalyst can quickly turn volatility into a major liquidation cascade.
BingX volume also jumped noticeably as the market got wild.
Was that the big flush, or just round one?
#BingX #CryptoMarket #Bitcoin #CryptoTrading
