The first thing I saw when I woke up this morning: BTC flash-crashed to 73,510, wiping out long positions.
1️⃣ BTC fell 2.77% in 15 minutes; ETH was down as much as 7.3%
2️⃣ About $715 million in long positions were liquidated in one hour; about $856 million across the market in 24 hours, with longs accounting for 90.2%
3️⃣ U.S. spot BTC ETFs saw net outflows of about $1.28 billion last week (Source: BlockBeats, BeInCrypto)
I’m working with a small 40U account and don’t use leverage, so I didn’t get stopped out—and I’m not planning to buy the dip. The higher the leverage, the less you can withstand a sudden wick.
Did you hold spot last week, or have you already started reducing your leverage?
$BTC $ETH #Binance Square
Not investment advice
1️⃣ BTC fell 2.77% in 15 minutes; ETH was down as much as 7.3%
2️⃣ About $715 million in long positions were liquidated in one hour; about $856 million across the market in 24 hours, with longs accounting for 90.2%
3️⃣ U.S. spot BTC ETFs saw net outflows of about $1.28 billion last week (Source: BlockBeats, BeInCrypto)
I’m working with a small 40U account and don’t use leverage, so I didn’t get stopped out—and I’m not planning to buy the dip. The higher the leverage, the less you can withstand a sudden wick.
Did you hold spot last week, or have you already started reducing your leverage?
$BTC $ETH #Binance Square
Not investment advice
