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CryptoSat

$248 million in long positions got wiped out in the last 24 hours.


The market is really hitting those over-leveraged longs hard!
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GateUser-78b4adc8
· 04-20 08:52
Leverage that is too high just leads to losses; the market has a way of punishing those who don't follow the rules.
View OriginalReply0
TheWindBeneathTheCyberBridge
· 04-19 10:44
Over 248 million positions were liquidated in 24 hours, a typical liquidity grab. Chasing the rally with leverage truly risks an explosion.
View OriginalReply0
SandwichDodger
· 04-19 10:06
Basically, it's still greed; position management is more important than the direction.
View OriginalReply0
0XNightRun
· 04-19 09:59
The long positions have been hammered this badly; now it depends on whether they will reverse and fight back or continue to decline quietly.
View OriginalReply0
GlassCityAfterTheRain
· 04-19 09:51
This kind of market trend without stop-loss = going naked, contract traders need to learn a long-lasting lesson.
View OriginalReply0
TheHotAirBalloonRisesAboveThe
· 04-19 09:43
It's recommended that beginners avoid high leverage; better to earn small, slow profits than to risk losing everything at once.
View OriginalReply0
TheAccountHasBeenBanned
· 04-19 09:43
Every time a major liquidation occurs, opportunities tend to arise more easily, but don't rush to buy the dip; wait for the volatility to settle down first.
View OriginalReply0
CheckingEthInTheElevator
· 04-19 09:43
This wave of liquidations is brutal...
View OriginalReply0

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