$170M in crypto shorts were liquidated over the past 24 hours. 🔥


A strong reminder of how quickly market volatility can wipe out leveraged positions.
Risk management always matters.
#Gate60MillionUsers $BTC
BTC4.84%
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GateUser-bd5c55f2
· 10 minutes ago
Crypto markets are closing August with some serious volatility. BTC is hovering around $78K while macro pressure and rate-hike expectations keep traders cautious. This is a market for patience, not panic. 📊🧠 #Bitcoin #Crypto #BTC
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ChainPicnic
· 43 minutes ago
$170M in short positions were liquidated—the volatility is brutal.
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GateUser-276f0bca
· an hour ago
On Wednesday U.S. Eastern Time, U.S. stocks halted a three-session losing streak, with the three major indexes rebounding modestly. At the close, the Dow Jones Industrial Average rose 0.56% to 53,061.95 points; the S&P 500 gained 0.46% to close at 7,666.60 points; and the Nasdaq Composite rose 0.45% to 26,217.83 points. The 10-year U.S. Treasury yield surged to a recent high during the session before retreating slightly, easing interest-rate pressure on stocks and driving funds back into risk assets.

At the sector level, AI chip stocks performed strongly, with Nvidia surging 3.21% and Micron also gaining; Snowflake raised its full-year sales guidance, sending its share price sharply higher; Broadcom came under pressure after hours as its fourth-quarter revenue guidance fell short of expectations. On the macro front, Federal Reserve officials focused their remarks on next week’s August inflation data, saying that a rebound in inflation could prompt consideration of raising interest rates. Markets are closely watching for signals of a policy shift.

Geopolitical uncertainty in the Middle East remains, while oil prices are holding at elevated levels, fueling inflation concerns. Overall, this rebound appears to be a technical recovery following oversold conditions. Market sentiment remains cautious, and near-term moves will continue to be driven by Treasury yields, inflation data, and geopolitical events.
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BullCaptain
· an hour ago
Gate’s data this time is quite clear-cut; market sentiment can change in an instant.
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TxPoolObserver
· an hour ago
I’ve seen far too many people get wiped out by leverage; staying alive is winning.
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MemeMart
· an hour ago
High leverage is like licking blood off a knife’s edge; without proper risk control, you could lose everything overnight.
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