A year since the 10/11 crash, and the $19 billion in liquidations still hurts
- Bitcoin plunged from $122,000 to $105,000, with roughly $19 billion in liquidations across the market
- Open interest was nearing record highs. Longs were betting en masse on the four-year cycle, and the top formed incredibly fast
Derivatives are still the force driving short-term prices. Perpetual contracts are everywhere as usual, and the conditions for another similar wipeout haven’t gone away. How much leverage are you using now? Dare to post a number in the comments?
$BTC $ETH $SOL
#比特币 #Leverage
- Bitcoin plunged from $122,000 to $105,000, with roughly $19 billion in liquidations across the market
- Open interest was nearing record highs. Longs were betting en masse on the four-year cycle, and the top formed incredibly fast
Derivatives are still the force driving short-term prices. Perpetual contracts are everywhere as usual, and the conditions for another similar wipeout haven’t gone away. How much leverage are you using now? Dare to post a number in the comments?
$BTC $ETH $SOL
#比特币 #Leverage