 | This is why they say don't play with leverage kids. You'd have to be extremely sophisticated to the level of a hedge funds and even then, they still hedge their investment to reduce losses because even they know there's nothing such as foolproof plan. We know markets jumped around yesterday, with Bitcoin losing almost $2k or 7% in the space of an hour, only to gain back $1300 or around 5%. Market experienced liquidations as expected with the worst being the loss of $100M in 30 minutes. 94M were long liquidations and 9M were shorts. In the following 1.5 hours from 15:00, markets lost 180M, where the price fluctuated between $29729 and $27874. The vast majority of about $160M were long liquidations and about 20M were shorts. Just another day in crypto. Data per Coinglass [link] [comments] |
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