๐จ $1.02B OF LEVERAGE JUST GOT WIPED โ BUT THE PRICE IS NOT THE LESSON!
In the last 24 hours, 164,899 traders were liquidated and over $1.02B in leveraged positions were vaporized (Coinglass).
BTC flushed to ~$80,394 intraday and bounced to ~$82,600, while ETH collapsed to ~$2,415 and clawed back above $2,500.
Here is the catch:
๐ 6% daily moves are normal now โ BTC dropped from ~$86.3K into the $80K zone in days.
โ ๏ธ Fear & Greed crashed to 55 (Neutral) from 74 โ greed was the tell, as usual.
๐ Spot holders lost 0% at the bottom. Leveraged longs lost 100%.
A 10x position needs only ~9% against you to die โ and BTC just moved 6% in a single day.
Next: volatility is not going away. The next violent flush is a matter of WHEN, not IF โ and it will take out anyone over-leveraged again.
BEGINNERS: is leverage even worth it when spot survives every crash? ๐
Not financial advice โ educational purposes only.
#EthereumSurpasses$2500 #Bitcoin #crypto #TradingTips
$BTC $ETH $SOL
In the last 24 hours, 164,899 traders were liquidated and over $1.02B in leveraged positions were vaporized (Coinglass).
BTC flushed to ~$80,394 intraday and bounced to ~$82,600, while ETH collapsed to ~$2,415 and clawed back above $2,500.
Here is the catch:
๐ 6% daily moves are normal now โ BTC dropped from ~$86.3K into the $80K zone in days.
โ ๏ธ Fear & Greed crashed to 55 (Neutral) from 74 โ greed was the tell, as usual.
๐ Spot holders lost 0% at the bottom. Leveraged longs lost 100%.
A 10x position needs only ~9% against you to die โ and BTC just moved 6% in a single day.
Next: volatility is not going away. The next violent flush is a matter of WHEN, not IF โ and it will take out anyone over-leveraged again.
BEGINNERS: is leverage even worth it when spot survives every crash? ๐
Not financial advice โ educational purposes only.
#EthereumSurpasses$2500 #Bitcoin #crypto #TradingTips
$BTC $ETH $SOL