$BTC
🚨 Another $1.4 billion worth of levered crypto positions have been liquidated over the last 24 hours 🚨
A total of $8.5 billion worth of levered positions have been liquidated since January 28th 📢
Eight and a half billion in liquidations and people are still surprised ,This is what leverage does - same cycle every time 📢
I've watched trading floors during these cascading liquidations. Its mechanical - positions get forced out, that selling triggers more liquidations, which triggers more selling 🚨
Nobody's making decisions anymore, the math is making them 📢
The real story isnt the $8.5 billion thats already gone. Its whoever's sitting at 5x right now telling themselves their liquidation price "wont hit 👀
🚸 Warning 🚸 I do not provide financial advice 🔞The intent of this content is for you to be aware of market conditions before starting to invest 👌Thank you for reading 👌