【U.S. AI stocks crash, BTC plunges below $76K overnight: $1.05B liquidated, 88% of it from long positions】
On November 5, U.S. AI and semiconductor stocks plunged: Nvidia -9.26%, AMD -17.26%, and the Philadelphia Semiconductor Index -12.25%. Risk sentiment spilled over into the crypto market. At around 10 a.m. today, BTC was about $76,200 (down about 5.3% in 24 hours), ETH about $2,243 (-7.3%), and BNB about $694 (-3.5%).
CoinGlass data: About $1.053 billion was liquidated over 24 hours, including about $927 million in long positions, or 88%. More than 200,000 accounts were liquidated. In just four hours, about $140 billion was wiped off the market cap.
Three tips from an engineer's perspective to avoid common pitfalls:
1. Correlation between crypto and the Nasdaq can spike during sharp sell-offs. Don't mistake “diversification” for a hedge;
2. Highly leveraged long positions are the first to get wiped out during repeated price wicks. Set leverage with a buffer based on “2× volatility,” rather than opening a position right next to the liquidation threshold;
3. Don't use market orders to chase a sell-off—slippage can eat into your plan. Set limit orders and stop-losses in advance, then decide whether to scale in.
Meanwhile, news such as Binance's Arbitrum governance proposal and the Fed/OCC reviewing risks in the banking sector is still unfolding, so volatility may persist.
Are you sitting on the sidelines, buying the dip in stages, or have you already reduced leverage? Share your thoughts in the comments.
$BTC $ETH $BNB
#比特币 #美股 #清算 #CryptoMarket
DYOR, not investment advice
On November 5, U.S. AI and semiconductor stocks plunged: Nvidia -9.26%, AMD -17.26%, and the Philadelphia Semiconductor Index -12.25%. Risk sentiment spilled over into the crypto market. At around 10 a.m. today, BTC was about $76,200 (down about 5.3% in 24 hours), ETH about $2,243 (-7.3%), and BNB about $694 (-3.5%).
CoinGlass data: About $1.053 billion was liquidated over 24 hours, including about $927 million in long positions, or 88%. More than 200,000 accounts were liquidated. In just four hours, about $140 billion was wiped off the market cap.
Three tips from an engineer's perspective to avoid common pitfalls:
1. Correlation between crypto and the Nasdaq can spike during sharp sell-offs. Don't mistake “diversification” for a hedge;
2. Highly leveraged long positions are the first to get wiped out during repeated price wicks. Set leverage with a buffer based on “2× volatility,” rather than opening a position right next to the liquidation threshold;
3. Don't use market orders to chase a sell-off—slippage can eat into your plan. Set limit orders and stop-losses in advance, then decide whether to scale in.
Meanwhile, news such as Binance's Arbitrum governance proposal and the Fed/OCC reviewing risks in the banking sector is still unfolding, so volatility may persist.
Are you sitting on the sidelines, buying the dip in stages, or have you already reduced leverage? Share your thoughts in the comments.
$BTC $ETH $BNB
#比特币 #美股 #清算 #CryptoMarket
DYOR, not investment advice