238,600 people liquidated in 24 hours, about $1.25 billion, with long positions accounting for 88%.$BTC $ETH
1️⃣ The Nasdaq fell 5.52% in a single day. BTC pulled back from 80,000 to around 75,200, while ETH hit a low of 2,206.
2️⃣ $1.11 billion in long positions were liquidated, compared with just $140 million in shorts. Almost all those wiped out were leveraged longs.
3️⃣ Lookonchain tracked one trader who was liquidated 8 times in a row, losing a total of 201 BTC.
My take: A market sell-off isn’t what you should fear—high leverage is what gets you knocked out. I only trade spot with small positions, and today I neither chased the rally nor bought the dip.
Were you shaken out yesterday, or have you been holding spot all along?
#BTC #Bitcoin
This is not investment advice.
1️⃣ The Nasdaq fell 5.52% in a single day. BTC pulled back from 80,000 to around 75,200, while ETH hit a low of 2,206.
2️⃣ $1.11 billion in long positions were liquidated, compared with just $140 million in shorts. Almost all those wiped out were leveraged longs.
3️⃣ Lookonchain tracked one trader who was liquidated 8 times in a row, losing a total of 201 BTC.
My take: A market sell-off isn’t what you should fear—high leverage is what gets you knocked out. I only trade spot with small positions, and today I neither chased the rally nor bought the dip.
Were you shaken out yesterday, or have you been holding spot all along?
#BTC #Bitcoin
This is not investment advice.
