I checked the data this morning: $172 million was liquidated in 24 hours. I just can’t understand how so many people got liquidated over such a small move. Does everyone just jump into 50x or 100x leverage at the drop of a hat?
They’re all gamblers, trying to turn a little into a lot: they put in $100 and expect to walk away with $10,000. It’s unrealistic.
#BTC