02-05-2022, 05:15 AM
Over $100 million shorts liquidated over the last 4 hours. Bears are getting rekt!
<!-- SC_OFF --><div class="md"><p>According to data from <a href="https://www.coinglass.com/LiquidationData">Coinglass</a> 88% of the total liquidated positions during the last four hours were shorts. This figure may change quite a bit as it was 85% when I started writing this post and now it's at 88%. The 122 million figure may change as well as time passes.</p> <p>Some simple math of 88% multiplied by 122 million means that approximately 107 million dollars in shorts were liquidated. Take that bears!</p> <p>At the time of writing, over 50 million dollars were Bitcoin shorts and over 40 million dollars were Ethereum shorts. </p> <p>The largest single liquidation order happened on Okex - BTC-USDT-SWAP valued at $3.18 million.</p> <p>In the past 24 hours, 54542 traders were liquidated.</p> <p>This is the risk of trading with leverage and the saying "invest only what you can afford to lose" applies the most if you decide to dabble with this strategy.</p> <p>I love it when shorts are liquidated. I hope this trend continues and we go onwards and upwards.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BakedPotato840"> /u/BakedPotato840 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/skjq3a/over_100_million_shorts_liquidated_over_the_last/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/skjq3a/over_100_million_shorts_liquidated_over_the_last/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>According to data from <a href="https://www.coinglass.com/LiquidationData">Coinglass</a> 88% of the total liquidated positions during the last four hours were shorts. This figure may change quite a bit as it was 85% when I started writing this post and now it's at 88%. The 122 million figure may change as well as time passes.</p> <p>Some simple math of 88% multiplied by 122 million means that approximately 107 million dollars in shorts were liquidated. Take that bears!</p> <p>At the time of writing, over 50 million dollars were Bitcoin shorts and over 40 million dollars were Ethereum shorts. </p> <p>The largest single liquidation order happened on Okex - BTC-USDT-SWAP valued at $3.18 million.</p> <p>In the past 24 hours, 54542 traders were liquidated.</p> <p>This is the risk of trading with leverage and the saying "invest only what you can afford to lose" applies the most if you decide to dabble with this strategy.</p> <p>I love it when shorts are liquidated. I hope this trend continues and we go onwards and upwards.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BakedPotato840"> /u/BakedPotato840 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/skjq3a/over_100_million_shorts_liquidated_over_the_last/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/skjq3a/over_100_million_shorts_liquidated_over_the_last/">[comments]</a></span>Kind Regards R