$BTC A $1.78 million long position got liquidated.
Hold on—first, let’s make sure you understand liquidation.
A long position being liquidated means a leveraged position betting on prices going up is forcibly closed, usually when prices fall. A short position being liquidated is the opposite and usually happens when prices rise.
Don’t use leverage to try to recover your losses. That often marks the start of a string of liquidations.
Keep enough margin for your futures positions so a sudden price spike or dip doesn’t wipe you out.
#BTC
I can be wrong too—don’t take this as advice.
Hold on—first, let’s make sure you understand liquidation.
A long position being liquidated means a leveraged position betting on prices going up is forcibly closed, usually when prices fall. A short position being liquidated is the opposite and usually happens when prices rise.
Don’t use leverage to try to recover your losses. That often marks the start of a string of liquidations.
Keep enough margin for your futures positions so a sudden price spike or dip doesn’t wipe you out.
#BTC
I can be wrong too—don’t take this as advice.
