In the past 24 hours, $1 BILLION longs were liquidated

🙁

In the past 24 hours, 259,220 traders were liquidated, the total liquidations come in at $1.00 billion.

The largest single liquidation order happened on Bitmex – XBTUSD value of $6.30M.

There are a lot of posts like this one about shorts being liquidated and people in the comments celebrating that shorts got “rekt”.

We have to show that shorts are not the only ones getting rekt, but that the opposite is also true.

Just in the last 24 hours, $1 billion of longs was liquidated.

$700 million was wiped just from BTC, ETH and LUNA.

Remember, don’t over-leverage yourself on short or long, because you can get fucked both ways.

Source