💥 $1.2 BILLION LIQUIDATED IN 24 HOURS 📉
I was struck by the fact that nearly $1.2 billion in leveraged positions were liquidated in just 24 hours. $BTC was hovering around $74,700 and $ETH at $2,111, while analysts are watching $76,000 as the level to reclaim and $73,000 as key support.
A liquidation is when the exchange closes your leveraged position because the price moved against you and your collateral is no longer sufficient.
My take: with high leverage, a day of inflation data can kick you out of the market before anything is decided. Patience is also a position.
Do you trade with leverage, or do you prefer to stay unleveraged? #Bitcoin
I was struck by the fact that nearly $1.2 billion in leveraged positions were liquidated in just 24 hours. $BTC was hovering around $74,700 and $ETH at $2,111, while analysts are watching $76,000 as the level to reclaim and $73,000 as key support.
A liquidation is when the exchange closes your leveraged position because the price moved against you and your collateral is no longer sufficient.
My take: with high leverage, a day of inflation data can kick you out of the market before anything is decided. Patience is also a position.
Do you trade with leverage, or do you prefer to stay unleveraged? #Bitcoin
