$TGB 🚨 US$404 MILLION IN CRYPTO LONG POSITIONS LIQUIDATED IN JUST FOUR HOURS!
On 24 October, Bitcoin briefly fell below US$80,000.
According to The Block, approximately US$404 million in leveraged long positions were liquidated within four hours.
As a Chartered Accountant, I believe this teaches an important lesson:
Leverage can turn a relatively small price movement into a devastating financial loss.
Before trading crypto, understand:
✅ Margin requirements
✅ Liquidation prices
✅ Market volatility
✅ Liquidity risk
✅ Position sizing
A strong market narrative cannot protect an overleveraged position.
I’m David Khoo, Chartered Accountant (Malaysia).
Financial knowledge should come before speculation.
💬 What’s the biggest danger in crypto trading?
A. Excessive leverage
B. Emotional trading
C. Poor risk management
D. Lack of financial knowledge
Comment below!
#BinanceSquare #CryptoEducation💡🚀 #bitcoin #RiskManagement #FinancialLiteracyForWomen
On 24 October, Bitcoin briefly fell below US$80,000.
According to The Block, approximately US$404 million in leveraged long positions were liquidated within four hours.
As a Chartered Accountant, I believe this teaches an important lesson:
Leverage can turn a relatively small price movement into a devastating financial loss.
Before trading crypto, understand:
✅ Margin requirements
✅ Liquidation prices
✅ Market volatility
✅ Liquidity risk
✅ Position sizing
A strong market narrative cannot protect an overleveraged position.
I’m David Khoo, Chartered Accountant (Malaysia).
Financial knowledge should come before speculation.
💬 What’s the biggest danger in crypto trading?
A. Excessive leverage
B. Emotional trading
C. Poor risk management
D. Lack of financial knowledge
Comment below!
#BinanceSquare #CryptoEducation💡🚀 #bitcoin #RiskManagement #FinancialLiteracyForWomen
