The Crypto market just experienced an uncomfortable shakeout causing over $187 million to evaporate from traders' accounts in the past 24 hours mainly targeting the overly optimistic
š¹ Data shows over 80% of liquidation value came from Long positions especially on top coins like $SOL and $BTC proving buyers were too hasty jumping in to catch the falling knife without clear confirmation
šø Most notably SOL where a large number of investors expecting a quick recovery were punished mercilessly by the market with an overwhelming Long liquidation rate
š¹ This event proves that Fomo duy the dip sentiment is being thoroughly exploited by market makers through fake dump or deep wicks to shake out weak position
šø Using high leverage when the market trend is unclear is the shortest path to blowing up your account even if your long term view might be correct
Were you among those liquidated today or did you manage to exit in time?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
