$761,880,000 worth of mainly long positions were liquidated again due to the recent drop last hour. People got too comfortable due to the recent price increase and got rekt. Greed works both ways and can rekt both short and long player’s positions.

In last 24h $761,880,000 were liquidated again!

Over 140,000 traders got rekt once again. The market was green for a while and people got greedy.

In the last one hour alone over $213,130,000 were liquidated as well.

Single largest liquidation was worth $6,830,000 dollars.

That sudden drop in price an hour ago must have triggered the cascading effect and triggered stop losses and the domino effect for other traders.

$761,880,000 wiped in 24 hours.

What’s interesting however is the fact that this time around it was mainly long positions that got wiped from the market:

Long vs shorts positions in last 24h.

If you look at 1h chart it was almost all long positions:

Long positions data for the last one hour.

I highly recommend everyone to watch Guy’s from CoinBureau latest video about leverage trading and why we shouldn’t do it. Not sure if I can link it here so I’ll just post the title and you can search for it on YouTube:

Coin Bureau: Leverage: How it Could WRECK Crypto Markets!!!

As always, please don’t get greedy, don’t use laverage.