📉 Liquidations in the billions over 24 hours! 😱
In the past 24 hours, we witnessed one of the largest liquidation waves in the market! The total liquidations exceeded $1.14 billion 😨
🔻 Liquidations by direction:
• Long: Liquidated long positions amounted to a staggering $974 million!
• Short: The liquidations for short positions reached $166.81 million
• 12 hours: $134.74M
• 24 hours: $1.14B
🔥 The market surprised everyone, especially those who entered with high leverage!
It is clear that traders in long positions were the most affected in the last hours, and the sudden spikes “literally wiped them out.”
👇 My personal opinion:
What happened once again proves that capital management is more important than any analysis, and that using leverage without a clear plan can lead to complete account liquidation! ⚠️
