Me right after buying for $10 .....dips instantly

When $539 million is wiped out in 24 hours, it's a clear sign of extreme market volatility. Here's a quick breakdown:

What Happened?

$481 million from longs: Indicates that bullish traders were caught off guard by sudden price drops, leading to cascading liquidations.

$58 million from shorts: Suggests that some bears got trapped as prices spiked unexpectedly during brief upward movements.

Why Does This Happen?

Overleveraging: Many traders use high leverage to maximize gains, but this also amplifies losses during market swings.