MASSIVE SHOCK IN THE CRYPTO MARKET.
Just got word that $305,000,000 got liquidated in the past 4 hours.
This is HUGE and shows just how volatile the market can be . According to the latest data, this liquidation is mainly due to short orders being hit hard, with $200 million in short liquidations compared to $5.92 million in long liquidations.
What's Going On? Bitcoin just broke through $110,500, up 7% in the last 24 hours. This rapid price movement is likely what triggered such a massive liquidation event.
The crypto market is super unpredictable, so risk control is KEY Make sure you're managing your leverage wisely and setting stop-loss orders to avoid getting caught in a liquidation cascade .
What do you think about this massive liquidation?
Are you worried about the market volatility?