54 Million Dollars worth of liquidations in the past 24 hours

Yes. You read that right. Around 54 Million Dollars worth of cryptocurrency has been liquidated over the past 24 hours.

The markets have not even moved that much lately, and yet people have still managed to get almost 54 mil. dollars worth of assets liquidated.

Looking at the market volatility, it is safe to assume that many of these users were trading with extremely high leverage (10x - 100x)

This once again serves as a reminder that futures leveraged trading is very risky, and not worth it most of the time. It is very easy to loose a lot of money and get liquidated.

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TL.DR: Leveraged traders are still getting recked, even in a relatively sideways market. Beware of high leverage. Always understand the risks involved.

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As always, good luck and happy trading

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