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Once again, a major mistake occurred in the crypto market. Those who took short positions paid a heavy price this time, losing $300 million in liquidations.
For those monitoring such movements, the liquidation map has become extremely important. When the market quickly reverses, open positions are closed one after another, creating a domino effect.
When the bears are wrong once again, such large losses usually occur. Experienced traders looking at the liquidation map can foresee these sudden reversals. The market structure has become this way now – everyone is tracking potential liquidations on the map.
Such days and nights happen in the crypto world. Suddenly, $300 million can vanish into thin air.