$1B+ liquidated in 24h. Overleveraged longs getting wrecked. This is what happens when degen traders ignore risk management and ape into 50x longs at resistance.
Cascading liquidations = forced selling = more downside pressure. If you're still holding underwater longs with tight stops, you're exit liquidity.
Market's flushing out the weak hands. Wait for capitulation before re-entering. Don't catch falling knives.
Cascading liquidations = forced selling = more downside pressure. If you're still holding underwater longs with tight stops, you're exit liquidity.
Market's flushing out the weak hands. Wait for capitulation before re-entering. Don't catch falling knives.