$462B in longs liquidated in 15 minutes.
Exchanges just nuked every overleveraged degen in the room. This is what happens when liquidity is thin and everyone's long—cascading liquidations turn into a bloodbath.
If you survived this, congrats. If you didn't, maybe rethink that 50x leverage next time.
The house always wins when you're playing with borrowed money.
Exchanges just nuked every overleveraged degen in the room. This is what happens when liquidity is thin and everyone's long—cascading liquidations turn into a bloodbath.
If you survived this, congrats. If you didn't, maybe rethink that 50x leverage next time.
The house always wins when you're playing with borrowed money.
