When prices fall, it's more important not to let leverage make decisions for you than to guess the bottom.
According to the latest report from The Block, BTC briefly fell about 6% to around $75,700, while ETH dropped more than 7%. Citing data from CoinGlass, the report said that about $1.1 billion in futures positions were liquidated over 24 hours, affecting around 210,000 traders, most of them long positions.
Thinking there will be a rebound and having a position that can survive until the rebound are two different things. Before opening a position, figure out how much you can afford to lose. That's more useful than making excuses after being liquidated.
In this kind of market, would you reduce your position and wait, or participate gradually using spot only?
$BTC $ETH
According to the latest report from The Block, BTC briefly fell about 6% to around $75,700, while ETH dropped more than 7%. Citing data from CoinGlass, the report said that about $1.1 billion in futures positions were liquidated over 24 hours, affecting around 210,000 traders, most of them long positions.
Thinking there will be a rebound and having a position that can survive until the rebound are two different things. Before opening a position, figure out how much you can afford to lose. That's more useful than making excuses after being liquidated.
In this kind of market, would you reduce your position and wait, or participate gradually using spot only?
$BTC $ETH