#BTC Bitcoin fell below $69,000, liquidating billions of dollars in long positions! 📉
The market was a little brutal today.
BTC briefly dropped to $68,408, and ETH also fell below $1,950.
Even more strikingly, around $1.47 billion was liquidated across the market in the past 24 hours, including $1.31 billion in long positions.
This was another lesson for all highly leveraged traders:
Getting the direction right doesn’t guarantee a profit. If you don’t manage your position size and leverage well, the market can still wipe you out.
#BTC #ETH #Crypto Market
The market was a little brutal today.
BTC briefly dropped to $68,408, and ETH also fell below $1,950.
Even more strikingly, around $1.47 billion was liquidated across the market in the past 24 hours, including $1.31 billion in long positions.
This was another lesson for all highly leveraged traders:
Getting the direction right doesn’t guarantee a profit. If you don’t manage your position size and leverage well, the market can still wipe you out.
#BTC #ETH #Crypto Market