⚠️ $BTC : A $1.29 million long position was liquidated
Don’t get carried away—understand liquidations first 👇
When a large number of long positions are forcibly liquidated, they add selling pressure. When a large number of short positions are forcibly liquidated, they add buying pressure. That’s why cascading liquidations amplify volatility.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then look at what the signals are saying.
Don’t get carried away—understand liquidations first 👇
When a large number of long positions are forcibly liquidated, they add selling pressure. When a large number of short positions are forcibly liquidated, they add buying pressure. That’s why cascading liquidations amplify volatility.
With leveraged positions, first consider whether you can withstand the worst-case scenario, then look at what the signals are saying.