Last night was historical. For good or bad, for some of us.
The FnG index continues to get lower and lower, now around 44, which means the market is uncertain. The liquidation amount was inance: around 2.1 billion, with a single LONG liquidation worth of 25.64 million.
Market will slowly recover, but we are not in safe waters yet. There is no liquidity injection at the moment from the traders and whales, enough to push $BTC BTC up, so, it will range a bit until we humans forget about what that Trump a**h**le decided to decree this weekend.
Your friend now is caution. Don't trade thinking "the worst is over, lets get on the train with those Longs!", we might not have seen the end of it.
Personally, while BTC doesn't go into the 8xK range then we don't sweep enough to get enough clean liquidity for the pump.
Finally, a lot of people got liquidated because of high leverage. My porfolio is 6 positions, 3.25% each, 20x leverage max, but I use 4 limit orders to ladder each position entry. So, I just use 1/32 on the market order of that 3.25%.
I wasn't liquidated, but I still got a margin ratio of 4.1% on the worst case scenario.
Stay strong!