⚠️ Breaking News- 747K Traders Liquidated in 24 Hours, Total Loss Reaches $2.32 Billion ($2.3 Miliar Dollar = IDR 20.8 Triliun)

📊 The breakdown of $2.32 Billion Liquidations 👇

🟢 Long Liquidations: $1.93 billion

🔴 Short Liquidations: $389.92 million

❓️What Are Long and Short?

🟢Long: Traders buy assets expecting the price to rise. If the price drops, their positions can be liquidated.

🔴 Short: Traders sell assets expecting the price to fall. If the price rises, they risk liquidation.

Most of these traders use leverage trading, meaning they borrow funds from cex or liquidity provider to increase their trade size. #CryptoCommunty