đš NEARLY $1 BILLION IN CRYPTO POSITIONS LIQUIDATED â MOST WERE BETTING ON HIGHER PRICES!
Crypto markets came under heavy pressure today.
đ Bitcoin dropped below $81,000.
đ Ethereum fell more than 6%.
â ïž Around $951 million in leveraged positions were liquidated over 24 hours, including approximately $876 million in longs.
HERE'S WHAT MATTERS:
A trader can correctly believe in a project's long-term future and still lose their entire leveraged position during a short-term price move.
Liquidations can also accelerate a market decline as exchanges automatically close positions.
đ FOR MUSLIM INVESTORS:
Leverage, borrowing arrangements, funding payments and derivative contracts require careful Shariah examination. Avoid assuming that access through a major exchange establishes permissibility.
đ SAVE THIS: Liquidation totals measure the value of positions closed, not necessarily traders' cash losses.
đŹ Do you think beginners understand the real risks of leverage?
#Bitcoin #CryptoRisk #IslamicFinance #HalalCryptoGuide
Crypto markets came under heavy pressure today.
đ Bitcoin dropped below $81,000.
đ Ethereum fell more than 6%.
â ïž Around $951 million in leveraged positions were liquidated over 24 hours, including approximately $876 million in longs.
HERE'S WHAT MATTERS:
A trader can correctly believe in a project's long-term future and still lose their entire leveraged position during a short-term price move.
Liquidations can also accelerate a market decline as exchanges automatically close positions.
đ FOR MUSLIM INVESTORS:
Leverage, borrowing arrangements, funding payments and derivative contracts require careful Shariah examination. Avoid assuming that access through a major exchange establishes permissibility.
đ SAVE THIS: Liquidation totals measure the value of positions closed, not necessarily traders' cash losses.
đŹ Do you think beginners understand the real risks of leverage?
#Bitcoin #CryptoRisk #IslamicFinance #HalalCryptoGuide