🐋 $BTC A short position worth $5.45 million was liquidated during this wave of volatility in the perpetual futures market.
Large liquidations often happen when leveraged positions can't withstand market volatility.
In isolated margin mode, liquidation only costs you the margin allocated to that position; in cross margin mode, all the margin in your account is used to absorb losses.
The key to leveraged trading is this: even if you ultimately get the direction right, a sudden price wick along the way could liquidate your position first.
All data only summarizes market movements that have already happened. The market can turn in the opposite direction at any time.
#BTC
Crypto assets are highly volatile, so don't take on too large a position.
Large liquidations often happen when leveraged positions can't withstand market volatility.
In isolated margin mode, liquidation only costs you the margin allocated to that position; in cross margin mode, all the margin in your account is used to absorb losses.
The key to leveraged trading is this: even if you ultimately get the direction right, a sudden price wick along the way could liquidate your position first.
All data only summarizes market movements that have already happened. The market can turn in the opposite direction at any time.
#BTC
Crypto assets are highly volatile, so don't take on too large a position.