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Not only shorters lose in the way, $300 million Longs liquidated.

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by COINS NEWS 164 Views

Not only shorters lose in the way, $300 million Longs liquidated.

I remember that usually people posts when shorts are liquidated and maybe some people make fun of them lol why go against BTC, get rekt!! But Longs liquidations also happen as we have seen in the past and now with the near 5% dip, $300 millions have been liquidated, and nearly 100k traders liquidated!! In part im happy that theres so many people into it, 100k on 24 hours seems like a lot, but to bad that they are losing money when they could be hodling or staking.

  • In the past 24 hours , 97,634 traders were liquidated.
  • The largest single liquidation order happened on Bybit-BTC value $7.26M

https://www.bybt.com/LiquidationData

Total liquidations

Liquidations on BTC markets

Liquidations on ETH markets

What is surprising is that if you check the chart, Longs liquidations also happen in the millions even when we have been going up from 30k to 60k, meaning that people probably aping into x20 x50 x100 or more, and a small change of price liquidates them.

Stay safu, dont try to be smarter than the rest by following a near imposible leveraged trade.

submitted by /u/heyheoy
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