10-06-2021, 09:49 PM
1.1 billion in futures shorts liquidated accross the crypto market as Bitcoin rose 5
<!-- SC_OFF --><div class="md"><p>As you guys just saw there was a HUGE pump just a few minutes ago. This caused a massive amount of shorts to get liquidated across all exchanges.</p> <p>On the one hand this makes me happy because this took capital and money from the people who keep prices down. On the other hand I feel a little sorry for those who were average persons and had a short position. But at least I hope they learnt the lesson. </p> <p>Also, usually after a big short liquidation comes a corrections (as we saw from the 42k local high that then dropped to 37k) or the liquidations at 50k, which then pumped to 52k to correct downwards to 40k. </p> <p>So just beware, do not invest more than you can afford to lose and avoid leverage. Crypto makes some crazy gains anyways.</p> <p>Hope this helps</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/arandom_econstudent"> /u/arandom_econstudent </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q2kgwa/11_billion_in_futures_shorts_liquidated_accross/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q2kgwa/11_billion_in_futures_shorts_liquidated_accross/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>As you guys just saw there was a HUGE pump just a few minutes ago. This caused a massive amount of shorts to get liquidated across all exchanges.</p> <p>On the one hand this makes me happy because this took capital and money from the people who keep prices down. On the other hand I feel a little sorry for those who were average persons and had a short position. But at least I hope they learnt the lesson. </p> <p>Also, usually after a big short liquidation comes a corrections (as we saw from the 42k local high that then dropped to 37k) or the liquidations at 50k, which then pumped to 52k to correct downwards to 40k. </p> <p>So just beware, do not invest more than you can afford to lose and avoid leverage. Crypto makes some crazy gains anyways.</p> <p>Hope this helps</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/arandom_econstudent"> /u/arandom_econstudent </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q2kgwa/11_billion_in_futures_shorts_liquidated_accross/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q2kgwa/11_billion_in_futures_shorts_liquidated_accross/">[comments]</a></span>Kind Regards R