Just saw: The crypto market has been shaking heavily over the past 24 hours. Liquidations worth $412 million have occurred — of which $273 million were on the long side and $138 million on the short side. That's pretty intense when you consider how quickly it can happen.



This once again shows how risky leverage trading can be. The crypto market is already volatile enough, and if you add leverage, things can go wrong quickly. Especially interesting is that more longs were liquidated than shorts — indicating that the bulls are currently under pressure.

Anyone active in the market should keep this in mind. Such phases demonstrate the importance of managing your risk. The crypto market remains unpredictable.
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