Aaaaaand it’s gone: Nearly $500,000,000 worth of positions got wiped in the last 24h. Again.
1 min read
Nearly $500,000,000 worth of positions got wiped in the last 24h and the numbers keep going up.
When will people learn? The market recovered slightly for one day and people aped into long positions again immediately. Why not wait a bit longer to see if this is just a dead cat bounce?
In the past 24 hours, 86,926 traders were liquidated, the total liquidations come in at $478.90 million
The most significant single liquidation order happened on Bitmex – XBTUSD value of $5.00M
Most of them were long positions:
Look how tiny that last red bar is. Jesus, total slaughter.
submitted by /u/rootpl
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