I watched the market yesterday and it was completely crazy. Bitcoin jumped $3,700 in one hour after a Trump announcement, then plummeted just as quickly when Iran denied it. In the end, the net movement was minimal, but $415 million worth of positions were liquidated in four hours. It's insane.

The worst part is that most of the losses came from leveraged traders. Bitcoin just moved between $67,500 and $71,200, but with derivatives dominating the market, every small news event triggers cascades of liquidations. Shorts get crushed on the upside, then longs get trapped on the way back down. Prices barely move but accounts explode.

Ether lost $120 million, as did oil contracts. This clearly shows how a highly leveraged market can turn a small fluctuation into carnage for those who don't manage their risk well. You really need to be careful with leverage right now.