⚠️ Warning: The market just "swept" both Longs and Shorts!
According to the latest data from Coinglass, in just 24 hours, a massive amount of positions have been liquidated with a shocking number:
🔹 Total liquidation value: 278 million USD
🔹 Long positions "vanished": 169 million USD
🔹 Short positions swept: 109 million USD
The fact that both sides were heavily swept indicates that the current volatility is extremely unpredictable. Typically, this phase in the market "cleanses" accounts that are overly leveraged to set the stage for a clearer trend ahead.
Lesson learned: When hundreds of millions of dollars are wiped out in a single day, using high leverage becomes extremely risky. Instead of trying to catch the top or bottom, the top priority right now is tight risk management and keeping a cool head.
Are people opting for the safe route and staying out, or are they still stubbornly holding their positions? Let’s discuss below!
👉 Catch the trend — Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
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