🔥 Bloody days on the market: $373 million evaporated in 24 hours! 💸

😱Shocking data just came in: over the last 24 hours, the cryptocurrency market has literally wiped out the positions of a huge number of traders! 🔥
📉 Numbers that make your blood run cold:
110,801 traders were liquidated. This is tens of thousands of people whose trades were forcibly closed! 💔
The total amount of these liquidations reached a huge $373.73 million! 💸💸💸
🤔 What happened? Why is it so "bloody"? The cryptocurrency market, especially when using leverage (leverage), is always adrenaline and high risks. ⚠️ Here’s what could have provoked such a massive cleanup:
Sharp price movements 📉📈: Sudden and strong jumps up or ( more often ) down on key assets ( BTC, ETH, meme coins ) simply left no chances for traders who were "not on the right side".
Super high leverage ⚖️: Many use leverage of x50, x100, or even higher. It's like walking a tightrope over a chasm – the slightest market movement against you, and you fall. One mistake – and the account is wiped out.
Accumulation of "stops" �: When the price approaches key levels where many have placed orders for forced closure of losing positions (stop-losses), their triggering can avalanche the movement, liquidating more and more positions.
News background or panic 📰: Unexpected news ( regulators, hacks, macroeconomics ) can instantly flip the market and cause a mass sell-off.
📚 What is liquidation? (In simple terms)Imagine that you borrowed from the exchange (using leverage)to buy or sell cryptocurrency. The exchange says: "If your losses reach X dollars, we will forcibly close your position so that you do not owe us more than you have in your account." 💼➡️💥
When the price moves against your position and reaches this critical level of liquidation price ( – BAM! 💥 Your position is automatically closed by the exchange with the maximum loss. Your funds ) or a significant part of them ( evaporate. This is liquidation. Your money – liquidated. 😭
🧠 Who suffered more? "Bulls" )Long( 🐂: Those who bet on growth were hit hard during the sharp declines.
"Bears" )Short( 🐻: Those who bet on the decline could have been shaken out by strong price rebounds.
Main victims: Most often, these are positions with very high leverage and insufficient "safety cushion" )support margin(.
💎 The moral of the story: These frightening numbers are a harsh reminder for everyone trading on margin:
The risks are real! ⚠️ Leverage is a double-edged sword. It can bring huge profits, but can just as easily wipe out the entire deposit.
Capital management is sacred! 💼 Never risk an amount you are not prepared to lose entirely. Always use stop-losses ) but remember about "stop hunting"(.
Safe leverage: Think twice )or better three times ( before using leverage above x10-x20. The higher the leverage, the closer the liquidation price.
Keep emotions under control! 😤 Panic or greed are the worst advisors in trading. )