🚨 1.5B in leveraged crypto bets wiped out in 24h
About 246K traders got liquidated, according to CoinGlass data reported by crypto.news. Longs took about 1.34B of it. The biggest single hit was an 11M BTC long on Binance.
My take: this is what crowded longs look like. Top traders were still 63% long on $BTC while price fell to 76,500.
I'm not buying the dip until longs clear out and BTC closes back above 80K.
Did you get liquidated or did you sit in cash? 👇
#CryptoNews #Bitcoin
NFA. Manage your risk.
About 246K traders got liquidated, according to CoinGlass data reported by crypto.news. Longs took about 1.34B of it. The biggest single hit was an 11M BTC long on Binance.
My take: this is what crowded longs look like. Top traders were still 63% long on $BTC while price fell to 76,500.
I'm not buying the dip until longs clear out and BTC closes back above 80K.
Did you get liquidated or did you sit in cash? 👇
#CryptoNews #Bitcoin
NFA. Manage your risk.