๐Ÿ’ฅ 640 million dollars evaporated from the crypto market in just two hours! ๐Ÿ˜ฑ๐Ÿ”ฅ

Those who were playing with leverage... now know the true meaning of getting Rekt ๐Ÿคฏ๐Ÿ“‰

๐Ÿ“Œ What does leverage mean?

It is a tool that allows you to trade with a larger amount than your capital through a loan from the platform.

๐Ÿ’ก Quick example:

You have 100$ and use ร—10 leverage โ†’ you trade as if you have $1000.

โ€ข The market rises by 1% โ†’ your profit is ร—10

โ€ข The market drops by 1% โ†’ your loss is ร—10

And if the loss is significant โ†’ your capital is wiped out completely (Liquidation).

โš ๏ธ Leverage multiplies profits and losses, which is why many advise staying away from it entirelyโ€ฆ because it is closer to gambling, and it is not permissible by Islamic law

#BinanceAlphaAlert