🤢Over 1 billion dollars liquidated in the last 24 hours.
Among those:
🔥 Long positions overwhelmingly burned: $1.05 billion
🔥 Short positions burned: $83.11 million
This means most traders placed Longs and got "liquidated" when the price went against them.
In summary:
👉 Longs are dying like falling leaves.
👉 Extremely strong volatility, many people couldn't react in time. Including myself🫨
You should manage your leverage more carefully during this period, the market is very prone to "hitting stoploss tightly".